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Telematics solution delivers immediate savings to service fleet

A national automotive supplier wanted to reduce the costs of its service fleet, which consisted of light, medium and heavy trucks. The customer also felt improving driver safety was a major priority and asked Element Fleet Management to provide recommendations on how to accomplish these goals.

Our solution

Element implements Telematics service to deliver immediate savings

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Element recommended the implementation of our Telematics service, which combines advanced telematics hardware with knowledgeable consulting, robust reporting and in-house support capabilities. Element specialists managed the installation of telematics devices in 900 units. Our experts provided end-to-end management of the program, including data analytics and performance management.

Impact

Fuel savings: 

The customer reduced fuel consumption by nearly 10% (over $500,000 in savings) by implementing telematics:

  • Eliminated unauthorized use. The customer could now identify drivers who took vehicles home at night and used them as personal vehicles.
  • Reduced fuel consumption. The customer could monitor drivers to ensure they were following routes as designated by customer’s in-house software.

Accident savings:

Element’s Telematics service reduced the customer’s accident spend by 32% as a result of immediate notifications sent to managers when drivers didn’t wear seat belts or went over the posted speed limits.

Fleet Profile

Industry

  • Automotive

Total Fleet Size

  • 900

Fleet Type

  • Service
  • Centralized, light trucks, medium trucks, heavy trucks

Services Utilized

  • Acquisition
  • Financing
  • Title, Licensing & Regulation
  • Telematics
  • Accident
  • Maintenance
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