How Should Fleet Managers Look at ADAS Features?
Who are your drivers? How well do they adapt to technology? Where do they drive? These questions are important to answer when looking at the Advanced Driver Assistance Systems that come with new vehicles today.
Spreading the Light
We’re back to more uncertain times with the emergence of Omicron, the new Covid variant. What we do know for sure, however, is that Santa Claus is going to make his annual trip in less than a month. I know this because Driving Dynamics’ dynamic leader Art Liggio tells us so in his delightful poem.
FLD's Rich Mallek reminds us that there is Still Time to Sell – and Get Paid for – Used Assets by the End of the Year!
Happy Hanukkah to our friends who celebrate the Festival of Lights!
“There are two ways of spreading light: to be the candle or the mirror that reflects it.”~ Edith Wharton.
Janice Sutton
Editor in Chief
U.S. Gas Prices at Thanksgiving Are Highest Since 2012
As an estimated 48.3 million Americans hit the road for Thanksgiving, they're going to find that gasoline prices along their route are not to their liking.
Thanks to inflation, the holiday meal at their destination will be expensive to put together, and getting there will be a bit higher too. According to AAA, the national average for a gallon of unleaded gasoline is $3.40, the highest it's been for the Thanksgiving holiday weekend since 2012.
In an era where more cars are turbocharged and require premium, the national average price for higher-octane fuel is $4.03. Diesel's national average is $3.64. California has some of the highest averages, with regular at $4.70 a gallon and premium at a hair over $5.
Read the article at Autoblog.
ADAS : Saves Lives, Reduces Claims, Costs and Liability
By Mike Sheldrick, Senior Editor
There are few fleet managers who would argue that Advanced Driver Assistance systems are valuable features to incorporate in their acquisition plans.
Perhaps most importantly, these systems can save lives. But still, a firm case for a better bottom line has been difficult to make, principally because higher repair costs for ADAS systems offsets many of their advantages in mitigating or avoiding collisions.
LexisNexis found that in general, ADAS systems led to minor reductions in claim severity, but greatly reduced claim frequency. Vehicles with any ADAS feature had a 23% reduction in bodily injury loss cost, a 14% reduction in property damage loss cost and an 8% reduction in collision claims cost, when compared to vehicles with no ADAS features.
Now, LexisNexis Risk Solutions has released an update of an earlier study of ADAS that makes it clear that ADAS can reduce costs.
The Keys To ‘Excellent’ Fleet Driver Behavior
Editor's note: FMW first published this article last spring. The seasons change, but the message is timeless.
By Ed Pierce, Contributing Editor
A well-run fleet management program can dramatically reduce fleet costs by focusing on the vehicle throughout its life cycle. As a general rule of thumb, companies can expect a 15-20% reduction in fleet costs in the first full year.
However, fleet management companies have also found that companies that employ a comprehensive program to achieve excellence among their drivers can realize an additional 5-10% reduction.
Just consider the cost of preventable collisions, downtime due to repairs or injury, or worse, liability.
