Operating Costs Remain Flat for Fifth Consecutive Year
2017 marks the fifth consecutive year that fleet operating costs have remained flat, primarily due to the continuation of stable gasoline and diesel prices, which offset higher maintenance labor costs and price increases for replacement tires.
“From a depreciation perspective, we are seeing nearly identical depreciation costs for the intermediate sedans and light trucks, even given the higher capitalized costs for the light trucks,” said Michael Singer, strategic consultant for Merchants Fleet. “The primary reason for this is the sustained period of low fuel prices, which are driving the higher resale values for the light trucks.”
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