The following statistics offer a bird’s eye view of the benefits of GPS vehicle tracking for any business that has five or more vehicles in their fleet.
Idling Wastes Money Big Time!
The amount of fuel the average truck idles away per year is 800 gallons:
- In 2007, King County, Washington implemented an anti-idling policy. Under this policy, “Employees shall not cause or permit vehicles covered by this policy to idle for more than three minutes in a 60-minute period, except as allowed under specific policy exemptions.”Estimated savings from the anti-idling policy is 100,000 gallons, approximately $379,000.
One hour of idle time equals twenty-five miles of driving:
- For every hour a vehicle idles, one gallon of fuel is wasted. Excessive engine idling also wreaks havoc on vehicle engines, increasing maintenance costs. This may be seen as incidental, yet even if there are only five vehicles in the fleet and each driver spends an average of 30 minutes a day idling, the numbers add up.2.5 hrs per day of idle time five days per week at $3.79 per gallon (current price as of this writing) is equivalent to throwing $203.71 away every month (average 4.3 weeks in a month).One money-saving benefit of a GPS vehicle tracking system is that fleet managers and dispatchers can closely monitor idle times for each vehicle in a fleet. Excessive idle time alerts can also be sent to drivers automatically.
Speed thresholds save lives, save gas, reduce maintenance, increase bottom line profitability and hold drivers accountable.
- The ability to set speed thresholds for vehicles ensures drivers are not only complying with safe driving practices, but it also helps to reduce maintenance costs.Speeding drivers are a danger to others, and create the potential for disastrous consequences from a liability standpoint for businesses.Studies show that drivers are nearly 100x less likely to break the rules when they know fleet tracking software is keeping track and holding them accountable.
- At 70 MPH sustained speed tire wear nearly doubles.
- Fuel consumption increases 1.5% for each mile over 50 MPH.
- Vehicle maintenance expenses increase 38% when speeds increase to 60 MPH from 50 MPH
- Vehicle maintenance expenses increase 80% when speeds increase to 70 MPH from 50 MPH
- In 2013, gas prices averaged around $3.79 a gallon. Saving just three gallons of gas a week with a GPS vehicle tracking system is just shy of a $600 annual savings per vehicle. If a company has ten vehicles in a fleet, savings add up to about $6,000 a year.
Did you know?…
61% of businesses surveyed said “customer demand for faster response times” is what influenced their decisions to purchase a GPS fleet tracking solution.
Do you want to give your customers quicker response times for better customer satisfaction and increased profitability?…