Five Reasons Why Fleet Maintenance Costs Have Experienced Double Digit Price Increases

The 133rd State of the Fleet Industry video produced by Automotive Fleet offers insights into the state of the fleet market as presented by AF Editor Mike Antich. \ud83c\udf99Today's topics include: - The increase in fleet maintenance costs have been substantial, in some cases experiencing percentage increases that are double digit. - Increased vehicle complexity has exerted increased maintenance costs through the increased volume of vehicle diagnostic fees, increased labor hours to identify intermittent issues, and recalibration expenses for ADAS-equipped vehicles. - Increase in unscheduled repairs are more fleet vehicles are having their service lives extended due to difficulty in sourcing replacement vehicles. - Part shortages are lengthening repair times for vehicles increasing vehicle and driver downtime. - Inflationary pressures are increasing labor rates, parts prices, and pass-along costs from increased raw material prices used to manufacture replacement parts. - Increased labor rates primarily driven by the shortage of skilled automotive technicians. \ud83d\udcf0 Make sure you're signed up for the AF newsletter so you don't miss another State of the Fleet Industry video \u27a1 https://bob.dragonforms.com/loading.do?omedasite=BOB6226_autogroup&PK=YouTubeDescription \ud83d\ude97 Visit Automotive Fleet for more fleet industry content \u27a1 https://www.automotive-fleet.com \ud83e\udd1d Follow and connect with Automotive Fleet on social media! Connect with Automotive Fleet on LinkedIn \u27a1 https://www.linkedin.com/showcase/automotive-fleet-magazine/ Like Automotive Fleet on Facebook \u27a1 https://www.facebook.com/AutomotiveFleet Follow Automotive Fleet on Twitter \u27a1 https://twitter.com/AutomotiveFleet \ud83c\udfa7 Prefer to listen? Check out the State of the Fleet Industry podcast! State of the Fleet Industry on: Apple Podcasts \u27a1 https://podcasts.apple.com/us/podcast/state-of-the-fleet-industry/id1574050467 Spotify \u27a1 https://open.spotify.com/show/6UwWmKIGCWtC4BuRU9CdNB Google Podcasts \u27a1 https://www.google.com/podcasts?feed=aHR0cHM6Ly9hbmNob3IuZm0vcy82MTUyZDNiNC9wb2RjYXN0L3Jzcw== \u23f1 Timestamps \u23f1 0:00 Intro 1:00 Increased Vehicle Complexity 3:29 Increase in Unscheduled Maintenance 4:56 Delays Due to Back-Ordered Replacement Parts 7:03 Inflationary Price Pressures 7:54 Increased Labor Rates