When you look at fleet expenses, most often the biggest variable cost is fuel. While the price per gallon does have an affect, maintenance and driver behavior are also a factor.
Fuel, oil, tires and maintenance account for the top four variable expenses, with fuel accounting for 75% of the expense. While it will vary based on region, vehicle and a mileage, a preventative fleet maintenance program will help the condition of each vehicle as well as optimize fuel usage. Routine maintenance provides valuable data for the future of the fleet including downtime of vehicles and future management strategies. A maintenance program can help extend the life of your fleet and save thousands of dollars throughout the year.
For example, a fleet of 500 vehicles, each driving 24,000 miles annually. This adds up to 12 million total miles each year. A reduction of even just a quarter of a penny per mile will equal to $30,000 in cost savings. *
That being said, fuel still makes up 75% of the total fleet costs. However, there are a few simple ways to cut the cost of fuel down:
While a maintenance schedule and driver behavior are key in helping cut fuel costs, the best way is with a fleet fuel card. The Fuelz Fleet Card is perfect for any fleet manager to track fuel costs. Contact us today to see how a fleet fuel card can start saving your bottom line!