A variety of factors converged to exert upward pressure on preventive maintenance costs, such as longer vehicle service lives due to limited product availability, the ongoing transition to synthetic oils, and higher labor rates to attract scarce technicians.
Part and labor prices have increased 4-8%, while part and labor availability have decreased. Due to difficulties sourcing replacement vehicles, fleets are keeping units in service longer. This caused repair spend to increase in 2021.
Many tire OEMs have increased prices in CY-2021, ranging from 3-10% depending on type of tire and size. Higher commodity prices and increased ocean freight rates are being passed on to end users as OE profit margins compress.
The estimated scheduled maintenance cost for a light-duty battery-electric vehicle is substantially lower than that of a conventional internal combustion engine vehicle, according to a new report by the Argonne National Laboratory.
Total cost of ownership for electric vehicles (EVs) depend on up-front costs, maintenance and fuel costs, and resale value. Here’s what to consider when calculating TCO.
New data from the New York City fleet shows that mid-size cars cost 41% more to maintain than a small car, while a large car is 142% more expensive. The city found similar results with SUVs and vans.
Fleets are being impacted by a variety of inflationary pressures ranging from higher acquisition prices due to the proliferation of onboard safety equipment, to increased material costs pushing up pricing on parts, upfits, and replacement tires.
The robust economy is creating record numbers of new jobs and a subsequent labor shortage that is being exacerbated by the large wave of Baby Boomer retirements, but some see uncertainty of future market conditions.
The Douglas County, Nev., Sheriff’s Office has authorized patrol deputies to take home their assigned police vehicles to maximize the effectiveness of the Patrol Division.
DeKalb County (Ga.) has deployed two rapid response vehicles to respond to emergency medical and fire suppression calls for improved response times and lower maintenance and operation costs.
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