Mastering TCO for Fleet Management
By controlling both entry and exit costs and considering fleet electrification, fleet managers can drastically reduce the Total Cost of Ownership. Whether through smart vehicle selection, financing strategies, or transitioning to electric vehicles, mastering TCO is a game-changer for any fleet. Combining data insights from fleet management software with sustainability practices ensures your fleet operates efficiently, saving time, money, and resources in the long run.
Discover how Echoes’ CarFleet solution can help you manage your fleet’s TCO and support your transition to electric vehicles by visiting Echoes CarFleet.
Maintenance, a key factor in maintaining residual value
Maintenance, a key factor in maintaining residual value However sophisticated they may be, today’s cars are still fragile mechanical units. Hence the need to scrupulously observe preventive and curative maintenance: failure to do so can result purely and simply in the destruction of the engine or an accident. A well-known short-term rental company had a […]
Real-time vehicle data to help extend battery life
Real-time vehicle data to help extend battery life With an average price estimated by Bloomberg at $151 per kWh in 2022 (source), lithium-ion automotive batteries remain expensive, despite a fall of almost 80% since 2013. As a result, the battery can account for up to 50% of the total price of a new electric vehicle, […]
The residual value of electric cars, key to sustainable leasing
The residual value of electric cars, or the key to sustainable leasing In the Automotive Industry there has been a continual increase in vehicles obtained on finance, and a growing second hand car market. For those companies such as leasing companies, banks, etc… who purchase vehicles on behalf of businesses and individuals, they require to […]
Driving style: preventing loss of residual value
Driving style: preventing loss of residual value using real-time data At the heart of the leasing business model, the resale value of cars must be kept as high as possible at the end of the contract to ensure a comfortable margin. To achieve this, a number of tools can be used to forecast the residual […]