Cash flow is critical when you manage a fleet, especially for small businesses. However, focusing on the lowest lease payment possible can actually leave your business on the hook for significant amounts of money when exiting an open-end lease.
Examining your lifecycle strategy to determine areas of improvement is a proactive way to account for and manage your total cost of ownership, and it’s important to recognize when your fleet could benefit from a lifecycle adjustment. Here are eight key signs your fleet may benefit from some lifecycle strategy adjustments to realize cost savings.
With a broad range of chassis, equipment, and installer options, determining how to manage the upfitting process can be overwhelming. Taking the time to approach the process strategically can increase driver efficiency and safety while reducing costs.
There are many components that go into creating an effective lifecycle strategy, and, ultimately, there is no one “right” answer when it comes to managing vehicle lifecycles. If you are reexamining how you handle lifecycle management, here are the key components to consider when deciding how to proceed.
Whether you are looking to partner with an FMC for the first time or are considering whether it would be worthwhile to switch FMC partners, here are some of the key qualities to look for in an FMC, along with suggested questions to ask.
Today’s connected fleet generates a constant stream of data from the many activities involved in successful fleet operations. This white paper highlights some of the main areas for fleet managers to gain insights via data, the tools needed to translate data, and how to turn information into action items that increase fleet efficiencies.
The thermometer is dropping, and the season for snow, sleet and salty roads is looming. Just a few preventative measures will help keep drivers safe, mitigate downtime and extend vehicle life. This white paper explores key ways to prepare your fleet for winter.
It is a good time to consider upgrading. A combination of new tax laws and a stable resale market has created financially favorable conditions for fleet purchasing, which will certainly help organizations looking to keep drivers happy in a competitive economic environment.
Late last year, Congress passed, and President Trump signed, the Tax Cuts and Jobs Act (TCJA) of 2017. While the full impact of these changes has not yet been felt, any company that is dependent on a mobile workforce should carefully evaluate the potential impact and their strategy around company transportation.
It's inevitable: each year an OEM will either slow production or even end construction of a model altogether. When this occurs what happens to the remarketing value of the discontinued unit? To answer that question we examined past trends to try and find some stability in an uncertain future.