Vehicle Lifecycle Management
Always know when it’s time for fleet vehicle replacement and use historical data to inform asset purchasing strategies.
Make data-driven decisions about asset acquisition and replacement
Vehicle lifecycle management is one of the most challenging aspects of managing a fleet. Fleetio takes the guesswork out of your replacement strategy and helps get a better return on investment from your assets.
Stop running vehicles into the ground
Project the optimal replacement range for each vehicle based on utilization, operating costs, depreciation, salvage value and more. Estimate when vehicles should be defleeted helping to build an informed replacement policy and to keep total ownership costs at a minimum.
- Create replacement policies
Use our Fleet Vehicle Replacement Formula tool to estimate when a vehicle should be replaced. See how changes in estimated service costs, remarketing and utilization change the suggested replacement timeline.
- Apply assumptions and monitor performance
Associate your replacement policy with each vehicle and see how it’s is progressing towards useful life expectancy based on utilization and your projected replacement timeline.
- Balance vehicle utilization
Make adjustments to vehicle utilization based on past performance, helping to ensure more equitable wear across vehicles.
Take back control of replacement budgeting
Get a bird's-eye-view of upcoming replacement demand to better forecast replacement budgets and optimize vehicle utilization based on available capital.
- See upcoming replacement demand
See which vehicles are due for replacement year by year and get a better handle on replacement activities.
- Smooth annual purchasing
Reallocate activities based on over or under utilization to help ensure even use and budget needs.
- Prepare for increases in capital expenditure
As your business grows, see how vehicle replacement demand increases year over year and prepare for increases in spend well in advance.
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Questions? Call us at 1-800-975-5304 or email hello@fleetio.com