Fleet Advantage releases Q3 2016 Truck Lifecycle Data Index

Fleet Advantage releases Q3 2016 Truck Lifecycle Data Index

Fleet Advantage released its third quarter 2016 Truck Lifecycle Data Index (TLDI) comparing all-in operating costs of early-model Class 8 trucks to all-in operating costs of current model year replacements. The TLDI shows fleet operators the cost savings involved when replacing older-model vehicles with 2017 trucks. In fact, these replacement numbers show a slight increase in savings (roughly 2%) over the replacement comparisons during the second quarter.

According to Fleet Advantage’s ATLAAS (Advanced Truck Lifecycle Administrative Analytics Software), the TLDI from third-quarter data shows that fleet operators can realize a first-year per-truck savings of $19,023 when they upgrade from a 2011 model-year truck to a 2017 model. These comparison numbers are critical in helping fleet operators recognize each vehicle’s “tipping point”—the point at which a truck reaches economic obsolescence, and costs more to operate than to replace with newer equipment.

Day Cab-“All In” Cost Comparison
Model Year Approximate All In Cost 2017 Model Year                 All in Cost Savings Fuel/CO2 Saved
2011 $70,450 $51,427 $19,023 14%
2012 $65,665 $51,427 $14,238 12%
2013 $61,876 $51,427 $10,449 9%
2014 $61,066 $51,427 $9,639 7%
2015 $57,479 $51,427 $6,052 5%

 

Sleeper-“All In” Cost Comparison
Model Year Approximate All In Cost 2017 Model Year                 All in Cost Savings Fuel/CO2 Saved
2011 $73,095 $53,454 $19,641 14%
2012 $68,312 $53,454 $14,858 12%
2013 $64,537 $53,454 $11,083 9%
2014 $63,773 $53,454 $10,319 7%
2015 $60,206 $53,454 $6,752 5%

 

“As fleet managers begin to budget for 2017, it’s important they understand the cost savings involved with replacing trucks more frequently to maximize savings,” said Kenneth Loricchio, manager of advanced analytics for Fleet Advantage. “Regardless of the price of diesel, the Greenhouse Gas mandates make frequent upgrading to new equipment result in a more fuel efficient and cost effective operation, particularly when maintenance costs of older vehicles are factored in.”

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