The Source for Multinational Fleet Professionals
The new agreement allows eligible WEX customers to purchase auto parts for Class 1-5 vehicles from the retailer at national account pricing.
Which five trends are affecting the increase in fleet expenses? Tune in to this episode of State of the Fleet Industry as Mike Antich examines several factors.
Among the factors contributing to increased maintenance expenses has been increased miles driven, supply chain constraint, parts shortages, longer downtime, and a tech shortage exerting inflationary pressures on labor rates.
The ongoing difficulty in sourcing replacement vehicles is forcing some fleets to extend vehicle service lives beyond normal replacement parameters. As a result, there is an uptick in unscheduled repairs. Also, how is Europe's EV proliferation pressuring future resale values for ICE vehicles? Find out this and more in this video episode of State of the Fleet Industry.
One ongoing industry trend is more stringent enforcement of manufacturer-recommended preventive maintenance (PM) services required for warranty coverage eligibility. OEMs want additional documentation to support warranty claims to ensure a unit was maintained properly before the failure occurred.
Experienced fleet executive Jason Chamberlain has been appointed sales director at tyre and vehicle maintenance provider ATS Euromaster, effective immediately. Chamberlain is a significant hire, joining from Rivus Fleet Solutions (formerly BT Fleet) where he was sales and marketing director.
Electric van maker Arrival is setting up a service and repair network for its electric vans. Called the Arrival Service Network Program, four partners have been appointed in Europe and four in the U.S. These initial partners will provide fleets with the service and repair back.
Supply chain constraints make it difficult to get replacement vehicles leading to extended cycling of those currently in service. This is pushing the envelope of warranty coverage that is exacerbated by a shortage of replacement parts.
Many factors converged to exert upward pressure on PM 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, causing repair spend to increase in 2021
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