Overall fleet car maintenance costs increased by 7 percent in 2012, according to research from GE Capital Fleet Services. The study is based on a survey of actual maintenance expenses incurred by more than 32,000 passenger cars from Jan. 1 to Dec. 31, 2012. Research shows that, while monthly preventive maintenance expenses rose 4 percent in 2012, a younger fleet age helped to offset increased parts and labor costs.
Overall, average car maintenance costs rose from $49.20 to $52.66 per vehicle per month. Key factors in that influenced maintenance costs include …
• Increased preventive maintenance expense: Costs for oil changes increased by $5 from the previous year. However, oil change frequency decreased from 7,752 miles to 8,850 miles, lessening the total impact of the cost increase.
• Increased average tire expense: The cost per tire increased by 8 percent, while replacement tire costs increased by 15 percent because of higher manufacturing costs, larger rim diameters and limited availability in the retail market.
• Improvement in overall vehicle quality: Overall vehicle quality continued to improve across the industry in 2012, resulting in longer-lasting parts and less-frequent maintenance requirements.
“While we expect passenger car maintenance expenses to rise slightly in 2013, improvements in vehicle quality will present opportunities for fleet maintenance savings in years ahead,” said Eric Strom, maintenance and safety product manager for GE Capital Fleet Services.
GE Capital Fleet Services of Eden Prairie, MN is a global fleet management company with operations in the United States, Canada, Mexico, Europe, Japan, Australia and New Zealand.
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