A. Yes. Budgets are getting cut everywhere. The single most effective way to reduce fleet costs is to reduce unneeded vehicles and share needed vehicles efficiently. Sharing vehicles allows organizations to revise budgets to eliminate monthly fixed costs for unused vehicles sitting in a parking lot. You can also eliminate replacement costs for unused vehicles, and reduce costs for things such as maintenance, insurance, depreciation, parking, and staff time to manage them, and more.
Nearly every segment of the fleet market is experiencing low utilization rates due to the pandemic. Idle vehicles are costing organizations hundreds, thousands, or even hundreds of thousands of dollars per month. While no one knows for certain when we will return to normal, it is certain that every additional day that we go without changes to fleet operations is an additional day of an opportunity missed to save money. To calculate the financial impact the COVID-19 pandemic has had on your fleet, use our free Fleet Waste Calculator, and access our article offering strategies for cutting costs.