Fleet Advantage, a leading innovator in truck fleet business analytics, equipment financing and lifecycle cost management made public today their data index resource designed to compare all-in costs of older model year Class 8 trucks and calculate the savings of new model replacements.
Using insight from the company’s ATLAAS program (Advanced Truck Lifecycle Administrative Analytics Software), the Fleet Advantage data index helps industry professionals make decisions regarding equipment replacement timing. Taking into account all-in operating costs of fuel, finance, maintenance and repair, and tires, the index calculates that companies would save approximately $18,081 per truck in the first 12 months of operation by upgrading from a 2011 model-year vehicle to a 2017 model and reduce their CO2 emissions by 14%.
Day Cab-"All In" Cost Comparison Model Year Approximate All In Cost 2017 Model Year All in Cost Savings Fuel/CO2 Saved 2011 $65,760 $47,679 $18,081 14% 2012 $61,089 $47,680 $13,410 12% 2013 $57,406 $47,698 $9,727 9% 2014 $56,712 $47,691 $9,033 7% Sleeper-"All In" Cost Comparison Model Year Approximate All In Cost 2017 Model Year All in Cost Savings Fuel/CO2 Saved 2011 $68,405 $50,398 $18,007 14% 2012 $63,736 $50,398 $13,338 12% 2013 $60,067 $50,398 $9,669 9% 2014 $59,416 $50,398 $9,018 7%
*Based on 100,000 MPY and previous 3 month avg diesel price of $2.08
“The industry now has concrete data available that can impact the bottom line in ways never before achievable,” said John Rickette, CTP, Vice President of Transaction Management at Fleet Advantage. “By leveraging the latest in business intelligence and analytics software linked to every vehicle in a fleet, we can offer insights that drive profitability throughout the operation.”
The Fleet Advantage data index equips truck fleet operators with financial and valuation insights required for asset management to determine when each truck has become economically obsolete and the proper timing of when to replace it with a new, more efficient and less costly model. ATLAAS and its data index were developed out of the Fleet Advantage lifecycle business model, which helps truck fleet operators save millions in savings by replacing older vehicles and shifting their current lifecycle practices to a data-driven model.
About Fleet Advantage Fleet Advantage guarantees the absolute lowest cost of ownership for America's top fleets across the United States. The company matches proprietary IT processes and fleet analytics with the latest eco-efficient clean diesel technology to achieve the optimum vehicle lifecycle and maximum productivity, while achieving fuel economy and sustainability goals. CEO John Flynn was awarded the 2011 Florida Ernst & Young Florida Entrepreneur of the Year® award in the "Emerging" category, recognized as an entrepreneur who demonstrated excellence and extraordinary success in such areas as innovation, financial performance and personal commitment to their businesses and communities. For more information on Fleet Advantage, visit www.fleetadvantage.net.