Fleet Advantage, a leading innovator in truck fleet business analytics, equipment financing, and lifecycle cost management made public today its 2017 Truck Lifecycle Data Index (TLDI) comparing all-in operating costs of early-model Class-8 trucks to 2018 model-year replacements. The TLDI shows significant cost savings when replacing older-model vehicles with 2018 MY trucks.
According to Fleet Advantage’s ATLAAS (Advanced Truck Lifecycle Administrative Analytics Software), the TLDI shows that fleet operators can realize a first-year per-truck savings of $22,162 when upgrading from a 2012 sleeper model-year truck to a 2018 model, a 17 percent increase in savings compared with year-ago figures ($19,023) for 2017 model-year upgrades. These comparisons are critical in helping fleet operators’ future procurement plans, including finding of the “TIPPINGPOINT” – the point at which a truck reaches economic obsolescence, and costs more to operate than to replace with newer equipment.