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April 2023 Truck Industry News

The latest industry news for your business forward.

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State of the Fleet Industry: Why Maintenance Costs are Rising

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.

 Watch this video to learn more about:

  • 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.

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The Road Ahead, Reimagined: Our FY22 ESG Report

Looking forward, Enterprise Holdings’ vision is to be the world’s best and most trusted mobility company. We use this goal as guidance for the way we grow our business and cultivate partnerships to benefit our diverse stakeholders.  

Backed by more than 65 years of family-owned business operation experience, we strive to make decisions with future generations in mind. We’re invested in reimagining the road ahead for our teams, our communities and our planet. 

This report showcases our sustainable mobility solutions and demonstrates our commitment to fostering innovation, reducing our environmental footprint, building strong communities and creating sustainable partnerships. 

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