Learn about the relationship between truck ownership and operating cost, understanding truck residuals and their impact on the vehicle utilization as well as the buy/sell and financial capital management decisions in this workshop.
Daniel Smith and Jessica Carr will cover the traditional rental concept of utilization and how it differs from the market concept that directly affects asset values at resale. This workshop will help fleet managers right-size their fleet, based on asset utilization, to avoid the heightened risk of a maintenance event that might present an additional expense danger in under-utilized fleets. Dive in to the tools currently available to the fleet managers that help accurately track utilization and take the guesswork out of asset valuations at purchase or at the end of asset life by providing exact market values based on the asset components, utilization, and location. With the information provided at this event, the fleet managers will be able to drive better fleet management decisions and acquire a ROI-focused view of when to keep a vehicle in the fleet in a fleet or when to cycle it out.