This special report over five articles provides an in-depth examination of 2021 operating cost trends for fuel spend, scheduled/unscheduled maintenance, replacement tire prices, PM spend, warranty recovery, and a forecast of CY2022 expenses.
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A variety of factors converged to exert upward pressure on preventive maintenance costs, such as longer vehicle service lives due to limited product availability, the ongoing transition to synthetic oils, and higher labor rates to attract scarce technicians.
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In the Coronavirus new normal, fleet managers need to keep a finger on the pulse of these emerging trends: take-home privileges; vehicle shortages and accident repairs; insurance adjusters; and massive mileage fluctuations.
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The EV market has totally evolved in the last decade and will continue to change as EVs become more affordable, longer lasting, and more efficient.
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Part and labor prices have increased 4-8%, while part and labor availability have decreased. Due to difficulties sourcing replacement vehicles, fleets are keeping units in service longer. This caused repair spend to increase in 2021.
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The poll is live for the 2021 Fleet Vehicles of the Year — vote for your favorite car, truck, and/or SUV, share the link, and help contribute to the next Fleet Vehicle of the Year.
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Supply chain constraints make it difficult to get replacement vehicles leading to extended cycling of those currently in service. This is pushing the envelope of warranty coverage that is exacerbated by a shortage of replacement parts.
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From state-of-the-art onboard sensors to wireless telematics and more, Microsoft Azure is going to help Enterprise scale its fleet to a 350,000+ vehicle connected force by the end of the year. A fully connected worldwide fleet may be just five years away.
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Many tire OEMs have increased prices in CY-2021, ranging from 3-10% depending on type of tire and size. Higher commodity prices and increased ocean freight rates are being passed on to end users as OE profit margins compress.
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Follow these steps when adding EVs to your fleet to set up your business for greater success in the transition.
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