2024 EDITION
Fleet Benchmarking Report
Interact with key metrics from our report and explore curated resources based on our insights to answer some common fleet management questions.
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On the Road
How old are vehicles in Fleetio?
Optimal replacement timelines
Of the 120,425 vehicles evaluated in this report, nearly 45% of fleet vehicles in Fleetio are less than four years old, which aligns with traditional retirement recommendations. So how do you know when it’s right for your fleet to dispose and replace assets? There are a few different methods you can use to estimate the right timelines for your operation.
Learn MoreWhat does cost per mile look like in each industry?
Understanding cost variations
Industries that rely on vehicles as the cornerstone of their business model naturally tend to log higher costs per mile, which can mean a greater challenge in achieving operational efficiency. When vehicle health is directly tied to productivity, fleets need a strategy to manage costs without hamstringing themselves for the sake of efficiency.
Learn MoreHow does cost per mile change over time?
Tracking cost increases
Aside from the second year of ownership, fleet vehicle cost per mile (CPM) increases considerably year over year. Understanding how these costs change over time can help you make informed decisions about maintenance scheduling.
Learn MoreHow much fuel are fleets using?
Fuel cost analysis
Transportation & Logistics fleets decidedly lead in fuel spending, followed by Retail, Wholesale & Manufacturing, and these industries tend to travel a significant amount more than others, which significantly influences their fuel spend. These insights into fuel costs by industry allow you to benchmark your fleet's fuel expenses against peers and find ways to optimize fuel efficiency.
Learn MoreWhat does EV growth look like in Fleetio?
Electric vehicle adoption
EV asset growth year-over-year in Fleetio has increased by major strides over the past four years. Transportation & Logistics leads in EV adoption, accounting for 73% of the 2023 EV growth in Fleetio. Energy, Utilities & Mining, and Government fleets are also prime candidates for continued EV expansion.
Learn MoreIn the shop
What does the average fleet budget look like?
Budget allocation
Fuel and maintenance make up the vast majority of costs tracked by fleets in Fleetio with just under three-quarters of the full budget share. Analyzing how these expenses are distributed can help you find cost-saving opportunities and budget more effectively.
Learn MoreHow are fleets handling maintenance?
Maintenance strategy comparison
Fleetio customers are fairly evenly distributed across both maintenance approaches, with 41.87% relying on outsourced maintenance and the rest managing in-house or other methods. Understanding the benefits and drawbacks of each approach can help you decide which maintenance strategy is best for your fleet.
Learn MoreHow long are assets spending in the shop?
Repair vehicles efficiently
The average Issue Resolution Time in Fleetio is 1.68 days. Reducing downtime and resolving issues quickly are key to maintaining fleet efficiency and productivity.
Learn MoreHow much does the average service cost?
Service costs can vary widely, but understanding the average expenses recorded in Fleetio can help you benchmark your costs and identify potential savings. Search below to find the average service cost of an item.
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