Of those who reported having a fleet replacement budget for the year, the median is $3.5 million. Fluctuations in replacement budgets year over year are normal, as each year's replacement needs may be different. Those reporting increases cited major investments in replacements this year, catching up on replacements, and increases in service levels. Those who had decreased budgets said they had fewer vehicles to replace this year. For 2018, 39% of the fleets reported an increase, down from 47% in 2017.

Source: Government Fleet Research


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