Fleet business analytics company Fleet Advantage unveiled its new data index resource designed to compare "all-in" costs of older model year Class 8 trucks and calculate the savings of new model replacements.
"We thought it would be helpful if we released a periodic index so that fleet operators know more about current costs related to replacing equipment — this can help them identify the 'sweet spot'" of when new equipment would save overall costs vs. what fleets are running currently, says John Rickette, vice president of transaction management at Fleet Advantage.
According to Fleet Advantage, "all in" means taking into account operating costs of fuel, finance, maintenance and repair, and tires. The index calculates that companies would save about $18,000 per truck in the first year by upgrading from a 2011 to a 2017 model year day cab or sleeper truck while reducing CO2 emissions by 14%.
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