Fleet replacement budget fluctuations are often due to natural vehicle life cycles and replacement needs — many of those reporting a decreased budget of 15% or more said it was because this year’s planned purchases cost less than the prior year. Those with increased budgets also cited more expensive purchases during a regular replacement cycle, as well as making up for deferred replacements and increasingly robust replacement plans. This year, 50% of fleets reported an increase, compared to 38% in 2015.
Fleet replacement budget fluctuations are often due to natural vehicle life cycles and replacement needs — many of those reporting a decreased budget of 15% or more said it was because this year’s planned purchases cost less than the prior year. Those with increased budgets also cited more expensive purchases during a regular replacement cycle, as well as making up for deferred replacements and increasingly robust replacement plans. This year, 50% of fleets reported an increase, compared to 38% in 2015.
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