Fleet Maintenance, Repair Costs Remain Flat

Compared to 2015, fleet maintenance costs have remained flat for the past 12 months. The key reason is increased overall vehicle quality, but other factors also played a role. New motor oils, engine and transmission component engineering did a better job; onboard diagnostics informed drivers of issues more efficiently, and the response time for component failures was also better.

Key Takeaways:

• Fleet maintenance costs have remained flat over the past 12 months, compared to CY-2015, with the primary factor being increased overall vehicle quality.
• Contributing to this decline was increased reliability because of new motor oils, engine and transmission component engineering, onboard diagnostics informing drivers of issues, and faster OEM response time to component failures.
• “Maintenance costs are down for fleets when compared to 2015. New technology, better-made vehicles, and increased replacement activity due to high secondary markets have all contributed to this trend,”

“Today’s vehicles are built to last and are more reliable now than ever before.”

http://www.fleetfinancials.com/channel/maintenance/article/story/2016/11/fleet-maintenance-and-repair-costs-remain-flat-in-cy-2016.aspx