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Know Your Lowest Vehicle Lifecycle Cost

Electric Vehicles

Know Your Lowest Vehicle Lifecycle Cost

May 30, 2025
Authored by:
Paul Milner
VP of Operations, Utilimarc

Working alongside our customers we have delivered an enhanced Vehicle Lifecyle application to our platform that focuses on helping fleet professionals determine their lowest vehicle lifecycle cost. Using a comprehensive methodology our Fleet Lifecycle app allows users to:• Build a defendable vehicle lifecycle plan• Identify the lowest total lifecycle cost for your assets• Develop a 5 year vehicle and equipment replacement plan forecast• Generate a specific list of vehicles and equipment by location that need to be replaced• Graphically show the consequences of not replacing consistently• Calculate garage mechanic staffing needs based on the vehicles and equipment being replacedUsers are able to run multiple scenarios based on their unique needs and compare them to make a justifiable decision on which vehicles and equipment to replace. The updated version includes a complete manager level report that assists users in presenting their replacement decisions to leadership. The VRM’s data is exportable, accessible and fully supported by a Utilimarc data analyst. For more information on Utilimarc Fleet Lifecyle application schedule a live demo today.

Frequently Asked Questions

01
How do telematics actually help to reduce cost and increase safety?

Telematics helps you identify risky driving behaviors, monitor vehicle health, reduce idling, optimize routes, and plan maintenance before breakdowns happen. Paired with video and predictive analytics, it delivers real-time insight that prevents costly downtime, improves driver accountability, and extends asset life.

02
How does a telematics partner help improve fleet ROI?

A true partner improves ROI by reducing operational costs (fuel, maintenance), increasing productivity through optimized routing, enhancing safety to lower insurance premiums and accident-related expenses, and extending asset life through proactive vehicle health monitoring.

03
How important is integration with other systems or hardware?

It’s essential. Telematics data becomes exponentially more valuable when it flows seamlessly into your maintenance, fuel, FMIS, ERP, and other business systems. Disconnected platforms create blind spots. A partner who can integrate all or any of your systems helps eliminate those gaps and gives you a full picture of fleet performance.

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