Equipment Type

Vehicle Lifecycles vs. Maintenance Costs

How shorter vehicle lifecycles can help fleets bring down their bottom line

February 24, 2016

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:

Source: FleetOwner.com

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