Five Reasons Why Fleet Maintenance Costs Have Experienced Double-Digit Price Increases
Five Reasons Why Fleet Maintenance Costs Have Experienced Double-Digit Price Increases
Fleet maintenance costs have risen significantly throughout the pandemic and continue to rise. Record-high inflation is only one cause. In this video, Mike Antich of Automotive Fleet Magazine examines the multiple layers behind the current state of rising fleet costs.
- Substantial increases in maintenance costs are hitting double digits for fleets
- Complex vehicle technologies and systems are increasing costs and time to diagnose and repair
- Challenges in sourcing replacement vehicles have prolonged vehicle lifecycles and also maintenance pushing more vehicles into the maintenance queues.
- Impact of inflation on parts, labor, and raw material prices