Capital Equipment News August 2020

Fleet owners are able to sell their fleets to WesBank Fleet Management and lease them back.

can be made,” he says. “The best route for fleet operators without access to the required data would be to approach fleet management consultants trained to analyse the fleet operation, and to implement a solution to suit their needs.” He says all Ctrack assessments are based on the specific data needs for the various types of vehicle in the fleet. Ctrack, he says, uses five key fleet management areas in its evaluations to cover all aspects of fleet control. Cartrack South Africa CEO Harry Louw agrees with the importance of relevant data. He says that, in the right format, data can be used to provide actionable intelligence for making enhancements across all departments within a business, as this results in improved efficiency, optimised processes and cost reductions. “For fleet owners, this intelligence is a valuable commodity in the COVID-19 impacted economy. Knowing where expenses are incurred and putting measures in place to reduce these can bring about positive changes to the bottom line.” Benefits to the fleet industry Louw says businesses such as logistics companies, which are governed by speed of

Statistics prior to and during the initial lockdown show that long haul and logistics carriers saw 70% or more of their fleets parked

Data can provide actionable intelligence for making enhancements across all departments within a business

Efficient use of vehicles will reduce fuel and maintenance costs, and business owners must therefore know how their vehicles are being used

It makes no sense to invest in fast depreciating assets as the complexity of vehicle maintenance has also supported acceptance of managed fleet services

QUICK TAKE

their fleets to WesBank and lease them back. These measures, says Loxton, are designed to reduce costs and enable fleet owners to preserve cash flow. Ctrack MD Hein Jordt says the availability

of relevant data is crucial, especially in these times of the COVID-19 pandemic. “Accurate data, preferably in real time, assesses what is actually happening within a fleet operation, so that suitable decisions

CAPITAL EQUIPMENT NEWS AUGUST 2020 15