Are You Tracking Your Fleet's True Costs? Understanding TCO with Can-Am Telematics

Discover how to accurately track your fleet's Total Cost of Ownership (TCO) with Can-Am Telematics. Learn how factors like maintenance, depreciation, fuel, and downtime impact your bottom line, and gain insights to optimize fleet efficiency, improve budgeting, and make smarter investments. Maximize your fleet’s performance with data-driven decision-making.

Why TCO Should Be Top of Mind

Every vehicle in your fleet has a price tag—but do you know the full cost of keeping them operational?

Many fleets focus on upfront expenses like purchase price and fuel, but Total Cost of Ownership (TCO) considers every expense throughout a vehicle’s lifecycle, including:

Maintenance & Repairs – Unexpected breakdowns and increasing labor costs.
Depreciation – The gradual loss of value over time.
Fuel & Operational Costs – One of the largest ongoing expenses.
Downtime – Every hour off the road translates to lost revenue.

By accurately calculating TCO, you gain critical insights that help you:

1. Improve Budget Accuracy

Understand exactly where your money is going to allocate resources effectively.

2. Optimize Asset Utilization

Identify underperforming vehicles that are costing more than they’re worth and make data-driven decisions to enhance fleet efficiency.

3. Plan for the Future

Anticipate upcoming costs like maintenance, fuel, and vehicle replacements to avoid surprises and budget strategically.

4. Justify Smart Investments

Use hard data to support business cases for fleet investments, such as upgrading vehicles or adopting new maintenance technologies.

By prioritizing TCO, fleet managers can ensure that every asset contributes to operational efficiency and the overall success of their organization.

How Does Your Fleet Compare?

Benchmark your fleet’s performance against industry standards. Use these insights to identify areas for improvement and stay ahead of the competition.

TCO TIP:

Fleet management software enables instant TCO calculations for each asset in your fleet. Leverage Can-Am Telematics to unlock insights into your fleet’s operational costs.