How to keep fleet TCO down in Latin America

By Daniel Bland- November 22, 2022

Twitter?@DanielBlandBiz?GlobalFleet.com?-?FleetLatAm.com

One of the main goals of the corporate fleet manager is to increase productivity and this means operating fleet at the lowest reasonable cost, all while managing vehicle availability and avoiding as many legal processes as possible, according to fleet expert Julio Cesar Fassa.?

In Latin America, when it comes to keeping your total cost of ownership (TCO) down, reducing fuel costs is of utmost importance, especially in countries like Mexico, Peru, and Brazil. Keep track of cost per kilometer (CPK) and remember that this entails monitoring behavior such as harsh braking, abrupt acceleration, and running hard curves.?

CPK monitoring can be done through internet based real-time monitoring, including the collection of kilometers per liter data which compares targets to achieved results.

“In addition to negotiating prices at fuel stations, reducing your CPK calls for defining targets, providing driver training, managing averages as well as totals, and developing a driver awards plan,” Mr. Fassa told Global Fleet.

To further curb costs, pay close attention to your tires, and this means maintaining the correct tire pressure, making sure they are balanced and aligned, and assuring proper tread wear. Establish a well-organized method of keeping your tires in order. Stipulate who will be calibrating them, when it will happen, and how often it will happen.

Moreover, remember that your vehicle will be worth less than the beginning of the acquisition cycle some five years ago, but you can reduce depreciation with good care, according to the executive who is?CEO of vehicle tracking company Contele in Latin America’s largest fleet market, Brazil. View more here...