More Fleets Cite Growing Cost Containment Pressures from Management

The 134th State of the Fleet Industry video produced by Automotive Fleet offers insights into the state of the fleet market as presented by AF Editor Mike Antich. Today's topics include: Fleet managers report increasing pressure from their management to identify areas to control fleet costs. Total fleet costs are proportional to total fleet size. Fleet costs are directly proportional to the total number of vehicles in operation, which, in turn, drives all fixed and operating costs, such as fuel, maintenance, depreciation, accident repair costs, etc. Fleets need to identify low-utilization vehicles and consider whether a driver should be shifted to a monthly allowance or cents-per-mile reimbursement program. “Vehicle hoarding” is occurring at some fleet operations because out-of-service or low-utilization vehicles are being retained “just in case” they are needed. Fleet inventory management must be an integral part of any cost containment fleet strategy. Make sure you're signed up for the AF newsletter so you don't miss another State of the Fleet Industry video. 📰 Sign up for the Automotive Fleet newsletter. 🚗 Visit Automotive Fleet for more fleet industry content. 🎥 You can watch these episodes on the Automotive Fleet YouTube Channel! 🤝 Follow and connect with Automotive Fleet on social media! Connect with Automotive Fleet on LinkedIn. Like Automotive Fleet on Facebook. Follow Automotive Fleet on Twitter.