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Containing costs is the biggest worry for fleet bosses in 2014

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Author: | Updated: 23 Jan 2014 16:34

Keeping a lid on fleet running costs will be the biggest worry for fleet decision makers through 2014.

In a survey of Venson Automotive Solutions’ most prolific fleet operators, 89% considered containing costs a key concern.

Fleet managers felt they could cut spend on vehicle servicing maintenance and repair (27%) and purchasing cars (25%) while 21% reckoned they could spend more on insurance, daily rental and fleet management.

An overwhelming 95% felt they would spend the same amount on Risk Management while 87% will be spending the same amount on telematics in 2014.

Keeping a cap on fleet running costs will be the biggest worry for fleet decision makers through 2014.

“Giving money away”

Venson Automotive Solutions believes businesses can reduce the cost of fleet operation by working off the basis of a vehicle’s whole life cost. However, barely a fifth of companies adopt this approach.

Alan McCleave, Business Development Director for the Surrey-based fleet management solution provider, said: “When we analyse companies’ car choices, the whole life cost deviation between the lowest and highest is frequently significant and that is money businesses are currently giving away, despite containing costs being their top priority.”

ACFO also revealed that only 20% of organisations use whole life costs when compiling choice lists, a figure which the Venson man considers “slightly generous”.

He added: “Rises in insurance premiums are often unavoidable, although there are ways to potentially reduce these. As well as daily rental and fleet management where working closer with a provider can help to reduce costs.”

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