The global pandemic has left thousands of vehicles sitting idle in parking lots, and costs continue to mount. Financial officers, business analysts, and fleet managers haven’t started making substantive adjustments to their operations. Why? We hear:
The best way to understand how important it is to make fleet changes is to start by learning what inaction may be costing you. A big-picture estimate of the cost of idle vehicles can be calculated by:
# of Idle Vehicles
X daily carrying cost of a vehicle
X # of days until anticipated return-to-normal
= Total cost of idle vehicles
How much are idle vehicles costing you? Enter your numbers in our calculator and find out. The cost may alarm you. A fleet of only 100 vehicles with an on-going utilization rate of 5% would have a total pandemic impact of $630,907 if we don’t return to normal until November of 2021.
The good news is we can help you with a near term, mid-term, and long-term plan to transition to post-pandemic reality. By rightsizing and right-typing your fleet you can get your fleet costs on track while achieving your mission.