Is truck age the only consideration of whether it’s time to trade in the vehicle for a newer model? Not necessarily.
No one would argue how essential preventive maintenance inspections and routine PM service are to a fleet’s operation. But the data that’s collected during PM could also provide another much-needed piece of information: when is it time to retire that vehicle and trade it in for a newer model. This issue is explored in an IdeaXchange blog by Jane Clark, Vice President of Member Services for NationaLease
She notes that the high cost of today’s trucks, with all of their new technology, means fleet owners must really consider at what point it costs them more to maintain their older trucks than to replace them. She suggests that you look at how many times that older truck is in for service beyond the routine schedule. While looking at that, Jane suggests that besides the number of times a truck goes in for service, you should also be looking at parts consumption and labor hours.
All of this contributes to the total cost of ownership of a vehicle and points to the increasingly important role that data plays in a fleet owner’s decision making process. As Jane notes, “you will need to capture and analyze all of this data for each asset during each and every maintenance and/or repair event. A time commitment? You bet. Time well spent for your company, your drivers and your customers? Definitely!”