Are you always behind on license renewals and registrations, unsure of which vehicles to dispose of and which ones to keep, or you simply can' understand how your fleet consumes so much fuel?
Traditionally, insurance companies must cover all the repair expenses after an accident. However, your losses might go beyond scrapes and minor dents on your car's bodywork. An interested buyer might not be willing to pay the money he would pay for a similar fleet vehicle that hasn't been involved in an accident.
There are several misconceptions about leasing that you might use to improperly justify paying cash to acquire a new car. In reality, leasing is an investment tool that allows you, without immediately giving away a large number of your own funds, to have a modern and high-tech vehicle.
A full-service lease can be pretty tempting when you are looking to build a stable annual fleet operations budget. But is it the best bang for your buck?
Selling your fleet vehicles is an important part of the fleet management lifecycle. Ideally, your fleet and business are going to last longer than the useful working duration of your vehicles.
By 2021, 37 deaths were caused by faulty airbags recalled in over three million cars. Earlier, a GM flawed ignition switch caused 124 fatalities. These deaths happened both before and after the recall.
Running a safe and efficient commercial fleet is a team effort, no fleet manager can do it completely alone. You also rely on your drivers and maintenance team to keep your fleet operations rolling smoothly.
If your business operates a fleet, you need a way to keep track of them. From maintenance and drivers to safety and efficiency, there is no limit to the number of factors that can impact the bottom line of your outfits, so it's crucial to know where your fleet stands.
Recent global events have sent fuel prices skyrocketing to upwards of $5 a gallon. This is a financial burden for commuting individuals, but this massive rise in prices could be devastating to the fuel budget of a commercial fleet.
In 2020, the COVID-19 pandemic wreaked havoc across the globe, pushing millions of entrepreneurs out of business and leaving many small and middle enterprises with looming debt crisis. However, with the world slowly picking itself up from the rubble, most entrepreneurs and business holders like you have learned some hard lessons to take into the future.