Fleet Advantage Q3/16 Data Shows Cost Savings for Year-One Replacements
NOV 15, 2016 - 6:32 am
According to Fleet Advantage’s Q3/16 Truck Lifecycle Data Index, fleet operators can realize a first-year per-truck savings of $19,023 when they upgrade from a 2011 model-year truck to a 2017 model.
These comparison numbers can help fleet operators recognize each vehicle’s tipping point – the point at which a truck reaches economic obsolescence and costs more to operate than to replace with newer equipment.
“As fleet managers begin to budget for 2017, it’s important they understand the cost savings involved with replacing trucks more frequently to maximize savings,” said Kenneth Loricchio, manager of advanced analytics for Fleet Advantage. “Regardless of the price of diesel, the Greenhouse Gas Mandates make frequent upgrading to new equipment result in a more fuel efficient and cost effective operation, particularly when maintenance costs of older vehicles are factored in.”
Fleet Advantage offers information for truck fleet operators including financial and valuation insights required for maximum value and use of asset. Data analytics from ATLAAS including the Truck Lifecycle Data Index help truck fleet operators save millions of dollars annually for companies replacing older vehicles and opting to adjusting lifecycle practices to a data-driven model.
Fleet Advantage provides truck leasing and matching proprietary data driven IT processes with fleet analytics using eco-efficient clean diesel technology to achieve optimum vehicle productivity, while reducing fuel and maintenance costs.
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