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TCO

A vehicle’s total cost of ownership is comprised of its fixed costs, operating expenses, and depreciation per year or during the course of its service life, minus its anticipated resale value. During the course of a vehicle’s service life, TCO is subject to change due to a vehicle’s age and numerous external factors, which has a direct bearing on replacement policies.

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Hey Cannabis Companies, Welcome to Fleet

An industry is forming, and it needs help with fleet. In the meantime, the fleet industry should know that these new businesses are navigating extraordinary circumstances, which is forcing them to be better fleet operators pretty darn quick.

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.

Diesel Vans Beat Gasoline Models in Total Ownership Cost

Diesel-powered cargo vans are providing fleet buyers with a lower total cost of ownership than gasoline models, while many diesel-powered trucks aren't recouping the higher acquisition cost, according to a Vincentric analysis.

Extended Cycling Increases Truck Fleet TCO

A truck’s total cost of ownership (TCO) covers a specific range of expense variables, regardless of the make or model. The four lifecycle categories that influence TCO are fixed costs, operating expenses, incidental costs, and depreciation/resale value. A key factor that drives these lifecycle categories is a vehicle’s service life. 

Wholesale Fleet Vehicle Values Fall 1% in June

Off-lease fleet vehicles sold in the wholesale market at auction fell 1% in value in June from the prior month but increased 7% from a year ago, according to Tom Kontos, KAR Auction Services' chief economist.

The Disconnect Between Fleet Managers & Procurement Managers

Most in procurement take the position that fleet’s primary responsibility is to buy assets and services, which annually can range from millions to tens of millions of dollars in expenditures. This amount of corporate spend requires it be managed by someone with superb negotiation skills and proven procurement acumen.

Trends in Vehicle Capital Costs

Depreciation, new vehicle prices, and residual value all affect businesses with mobile workforces – here’s what to expect.

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