Apply This Year’s Lessons to Control Variable Fleet Costs in 2022
If the battery on your crystal ball is low or needs a recharge, you can lean on us. We’re prepared to make a few predictions for the fleet management challenges you’ll face in 2022.
Are you ready? Here’s our best guess:
- Everything will cost more and take longer than anticipated or desired.
Thanks for reading… good night.
Just kidding! Not about the prediction – that one we stand confidently behind. But don’t worry – we’re here for you.
Here’s a quick look at what we’ve learned in 2021 and how you can apply these lessons in 2022 to manage fleet maintenance and reduce fleet fuel cost.
|What we’ve learned in 2021||Lessons we can apply in 2022|
|• Standard replacement cycles are being left far behind.||• Continuously analyze vehicle usage and operating costs to identify units trending outside current average parameters.|
• Parts shortages and supply chain delays are ongoing.
• Extended reliance on rental vehicles continues.
• Anticipate additional vehicle downtime as repair turnaround continues to lag.
• Budget for increased operating costs including higher maintenance and fuel as aging vehicles run less effectively and lose fuel efficiency.
• Adjust preventive maintenance schedules to accommodate longer lifecycles; enforcing compliance to the revised schedules will help control rising operating costs.
|• Vehicle remarketing remains exceptionally strong with some used vehicles selling for more than their new car equivalents.||• Use cash from used vehicle sales to offset maintenance costs due to vehicles being kept in service longer.|
Implement Best Practices
The average age of vehicles on the road has increased from 10.9 to 12.1 years – the highest in recorded history.
If you are on our maintenance management program, here are some best practices you can implement to mitigate rising costs.
- Enforce use of full service national account vendors such as Goodyear, Firestone, and Pep Boys (for light-duty vehicles) or International Fleet Charge and Paccar (for medium- and heavy-duty vehicles) in order to take advantage of pre-negotiated pricing as well as parts and labor discounts.
- Limit the use of quick lube facilities. They are less capable of putting vehicles through a thorough, wheels-off PM service that can identify potential issues and upcoming repairs, minimize downtime, and reduce roadside spend and repair costs.