Fleet Advantage latest benchmarking survey details fleets’ growing focus on environmental goals. The latest industry benchmarking survey from Fleet Advantage shows a growing number of carriers plan to deploy alternative-fuel vehicles sooner than later. The report also indicates that maintenance and repair trends remain top of mind and that fleets are focusing more on modernizing their assets and shortening vehicle life cycles to meet various environmental, social, and governance goals.
Among the topics discussed in the survey, 40% of respondents said they plan to deploy alternate-fuel trucks within the next one to two years. This is a stark comparison to just a year ago, when 54% said they planned to deploy alternate-fuel trucks within five to 10 years, according to Fleet Advantage’s survey. Most of the customer base is private fleet.
Fleet Advantage
Fleet Advantage survey also addressed trends in equipment financing, with nearly half of the respondents saying they are leasing their trucks in a cash or finance situation. This is a significant jump in leasing compared to last year. However, flexibility is a growing trend respondents said they are locked into their current financing situation and have little negotiating room.
Fleet Advantage underscored the importance of data analytics such as a lease vs. purchase or unbundled vs. full-service lease comparisons in the planning and procurement of truck acquisition, especially when market conditions, fuel, and interest rates experience volatility. Maintenance and repair trends continue to be top-of-mind for fleet executives, according to this year’s survey. Seventy-four percent of respondents said they are conducting maintenance in-house. he current economic climate continues to present many challenges for fleets all over the country, which is why flexibility is a necessary business and financial strategy to meet corporate goals in the years ahead.
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