GE Capital Fleet Services announced full-year results of identified customer cost savings in 2010 of $326 million, with the company-leased versus company-owned vehicles yielding the highest cost savings of more than $68 million, as well as optimal replacement strategies ($58 million); total-cost-of-ownership analysis ($50 million) and negotiated maintenance savings ($37 million).
“Our strategic consulting team conducts an in-depth analysis of a customer’s individual fleet and reviews historical costs from vehicle selection and maintenance to moving to company car programs from employee reimbursement plans,” says Brad Hoffelt, senior vice president of analytics at GE Capital Fleet Services. “We work with customers to set an annual cost savings goal that helps manage their bottom line while increasing fleet efficiency.”
In addition to those areas, GE Capital Fleet Services also has seen an increase in identified cost savings around developing green strategies, says Trudi Beardsley, strategic consulting and financial modeling manager. “In the last quarter of 2010, we identified more than $5 million in cost savings for customers and expect continued growth in this area as companies explore new environmental performance strategies for their fleets,” Beardsley says.