What are the most important metrics to track for vehicle utilization?

1 Miles per Vehicle

Miles per vehicle (MPV) is the average number of miles driven by each vehicle in your fleet over a given period. It indicates how much work each vehicle is doing and how productive your fleet is. A high MPV means that your vehicles are covering more distance and delivering more goods or services. However, it can also mean that your vehicles are experiencing more wear and tear, fuel consumption, and emissions. Therefore, you need to balance your MPV with other factors, such as route optimization, maintenance, and customer satisfaction.

3 Vehicle Downtime

Vehicle downtime (VD) is the amount of time that a vehicle is not available for use due to breakdowns, repairs, or maintenance. It represents a loss of productivity and revenue for your fleet, as well as a potential risk for customer dissatisfaction and penalties. A low VD means that your vehicles are reliable and well-maintained, which can improve your service quality and reputation. However, a high VD means that your vehicles are prone to failures and malfunctions, which can affect your operational efficiency and customer loyalty. Therefore, you need to minimize your VD by implementing preventive maintenance, tracking your vehicle health, and having contingency plans.

4 Vehicle Turnover

Vehicle turnover (VT) is the number of times that a vehicle is used for different purposes or customers over a given period. It reflects how flexible and adaptable your fleet is to changing demands and conditions. A high VT means that your vehicles are versatile and can serve multiple needs and segments, which can increase your market share and profitability. However, a low VT means that your vehicles are specialized and limited to certain uses or customers, which can reduce your opportunities and growth. Therefore, you need to maximize your VT by diversifying your offerings, expanding your network, and cross-utilizing your vehicles.

6 Driver Performance

Driver performance (DP) is the quality and safety of the driving behavior of your drivers. It influences how well your vehicles are operated and how satisfied your customers are. A high DP means that your drivers are following the best practices and standards of driving, such as obeying the speed limits, avoiding harsh braking and acceleration, and maintaining safe distances. This can enhance your fleet safety, customer service, and reputation. However, a low DP means that your drivers are violating the rules and norms of driving, such as speeding, idling, and tailgating. This can endanger your fleet safety, customer service, and reputation. Therefore, you need to monitor and improve your DP by using driver scorecards, providing feedback and incentives, and implementing driver training programs.

7 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?