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. Each company has to look at its own use case and financial goals to develop a strategy that makes the most sense, and key to this process is using data to take a holistic view of the vehicle. 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 data needs to be captured and analyzed so that managers can use it to maximize efficiency and drive cost savings. Since fleet data capture will only grow in amount and quality as time goes on, it is important to understand how to leverage this resource effectively. 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. In fact, the frozen precipitation has already started to fall in some states, and even those warmer climes will face many months of stormy conditions. This is the time of year when fleet vehicles should be readied for the changing weather. 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.
As end-of-year planning approaches crunch time, many fleet professionals are evaluating life cycles and deciding when to move older vehicles off the books. 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.
It’s no secret - the economy is consistently evolving, and for many businesses their success depends on where the market sits today. Daily operational costs fluctuate, and these swings can lead to noticeable effects on annual budgets. As a manager of fleet our partners rely on us to maximize cost controls and minimize the impact of the volatility in the marketplace. To achieve this our strategic consultants use a combination of out of the box thinking and preventative planning, to help you leverage all the tools at your disposal. This white paper looks at the five biggest economic uncertainties impacting fleets and what you can do to help mitigate their impact.
The mobility movement is upon us, and it’s changing the way fleet managers and fleet management companies (FMC) alike are assessing their fleets. Efficiency is top of mind, and to achieve this many companies are starting to implement a mobility solution. As we covered in a previous white paper, a mobility solution is centered around getting the right vehicles you need, when you need them, and for exactly how long they’re needed. To accomplish this your FMC should look to utilize a trio of strategies: vehicle pooling (backed by technology), short-term leasing (including seasonal and project based), and vehicle alternatives. In this white paper, we’ll be exploring the five advantages of successfully incorporating short-term leasing into your fleet.
Fuel is one of the largest costs associated with running a fleet and can be a moving target that taxes budgets. While fuel prices themselves are not something fleet managers can control, increasing fuel efficiency and implementing parameters on fuel spend are actions they can take to decrease operating costs and mitigate the impact of price fluctuations. Additionally, some of the core strategies for boosting fuel efficiency often have the added benefit of improving safety and can even help protect and enhance a company’s brand. Our white paper reviews these strategies so you can improve your fleet's performance.