Vincentric has begun offering more in-depth maintenance data as part of its automotive cost-of-ownership database covering more than 45,000 vehicles, the Bingham Farms, Mich.-based data provider has announced.
The mew dataset will include costs for more than 400 services per vehicle with detailed estimates of parts pricing, labor times, and labor rates for light-duty vehicles in the U.S. and Canada. The update should allow fleet managers to calculate total cost of ownership more accurately.
The maintenance data includes scheduled and unscheduled maintenance costs. The scheduled maintenance costs use manufacturer-recommended schedules as its foundation. Unscheduled maintenance costs include items without specific service intervals, such as brakes, batteries, and tires. Vincentric uses a standard replacement interval for these services, and then applies vehicle-specific parts prices and labor times. Vincentric then applies hourly labor rates that are customized by state and province based on a survey of dealers. The national average labor rates are now $96 per hour in the U.S. and $112 per hour in Canada for non-luxury vehicles.
"Our customers can now more accurately estimate maintenance costs at any mileage interval up to 300,000 miles or 480,000 kilometers," said David Wurster, Vincentric's president. "Each calculation is done using our 'dynamic cost to own' technology to determine specific costs for that driving distance, without the need for any averaging."
Originally posted on Automotive Fleet