GE Capital Fleet Services helps fleets save $65 million in 1Q

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GE Capital Fleet Services announced it identified $65 million in cost savings for customers in the first quarter of 2010. Through its strategic consulting services, GE helps its customers cut costs and streamline fleet operations to maximize their return on fleet investments. In descending order, the areas of highest cost savings identified during the quarter include:

Total-cost-of-ownership analysis ($18 million): Using cost analysis to evaluate and select OEMs and vehicles;

Optimal replacement strategies ($12 million): Determining the optimal time to cycle vehicles in a fleet given applicable costs;

Negotiated maintenance savings ($10 million): Using technology and maintenance expertise to reduce maintenance spend; and

Lease options versus reimbursement programs ($9 million): Moving from mileage reimbursement plans to company car programs.

“We work with our clients to pinpoint the areas where they can achieve cost savings while managing their fleets more efficiently,” says Mark Smith, strategic consulting services leader at GE Capital Fleet Services. “Through our integrated management solutions, we help improve the return on our customers’ fleet assets, which allows them to stay ahead in a competitive environment and improve their bottom line.”