When looking ahead to the next 12 months, it will become more expensive to operate a fleet in the coming years. Vehicle acquisition costs have increased due to reduced fleet incentives. Fuel prices will likely continue to trend upward, and maintenance costs will ratchet higher due to more companies adopting extended replacement schedules.
How to Reduce Costs and Maintain an Efficient Fleet
The procurement function of researching, negotiating contracts, and purchasing fleet vehicles must harmonize with the management of those assets, so the corporation can achieve the most efficient and best utilization of a fleet’s vehicle lifecycle.