GE Capital Fleet Services Replacement and Leasing Strategies Pay Off

“I believe we will see the trend towards pre­dic­tive ana­lyt­ics con­tin­ue in 2014,” said Steve Jas­trow, Strate­gic Con­sult­ing Ser­vices Man­ag­er at GE Cap­i­tal Fleet Ser­vices. “As we con­tin­ue to launch new prod­ucts and ser­vices that deliv­er incre­men­tal cost and pro­duc­tiv­i­ty sav­ings for our cus­tomers, cap­tur­ing data from those pro­grams will con­tin­ue to give us insight and will allow us to fur­ther refine fleet per­for­mance.”

The largest areas of cost sav­ings iden­ti­fied by GE Cap­i­tal Fleet Ser­vices dur­ing 2013 were:

  • Pro­gram Enhance­ments: Uti­liz­ing prod­ucts and ser­vices to prop­er­ly man­age time and expens­es includ­ing; main­te­nance, fuel, acci­dent and safe­ty costs, telem­at­ics, licens­ing and reg­is­tra­tion fees, and toll & vio­la­tion expens­es
  • Accel­er­at­ed and Opti­mal Replace­ment: Deter­min­ing the opti­mal time to cycle vehi­cles and/or  uti­liz­ing a short-cycle replace­ment strat­e­gy to decrease vehi­cle depre­ci­a­tion and cap­i­tal­ize on high­er val­ue at auc­tion
  • Lease Ver­sus Reim­burse­ment: Iden­ti­fy­ing cost-cut­ting oppor­tu­ni­ties to con­vert com­pa­nies’ dri­ver reim­burse­ment pro­grams into vehi­cle leas­ing pro­grams
  • Lease Ver­sus Pur­chase: Deter­min­ing whether leas­ing or own­ing vehi­cles is the most cost effi­cient way to man­age a spe­cif­ic company’s fleet
  • Right Siz­ing: Eval­u­at­ing fleet needs and vehi­cle usage require­ments to main­tain a fleet that max­i­mizes fuel cost sav­ings while min­i­miz­ing main­te­nance costs and deploy­ing vehi­cles that bet­ter meet dri­ver needs.

“As fleet costs remain a crit­i­cal com­po­nent of com­pa­nies’ oper­at­ing bud­get, fleet man­agers con­tin­ue to be respon­si­ble for cut­ting costs while main­tain­ing seam­less logis­tics and oper­a­tions,” Ken John­son, Man­ag­ing Direc­tor Strate­gic Con­sult­ing and Fleet Man­age­ment Solu­tions at GE Cap­i­tal Fleet Ser­vices. “We strive to pro­vide our cus­tomers cut­ting-edge prod­ucts paired with strate­gic know-how that allows them to achieve opti­mal return on their fleet invest­ments.”

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