Want to reduce equipment breakdowns and maintenance costs? A shorter vehicle lifecycle might be something to consider.
Mike Spence, senior VP at Fleet Advantage, has some advice on how data-driven lifecycle management.
"Data-driven lifecycle management will tell you how long you should run a truck," Spence says. He notes that maintenance and repair (M&R) costs will increase dramatically after years 3-4. Replacing a truck on a four-year lifecycle lowers M&R costs by 4.63 cents per mile or $37,040 a year ($386/month), Spence explains.
Read more on Spence's fleet maintenance tips and lifecycle suggestions here: