Investing in a fleet of vehicles can allow your business to grow in a reliable manner. Having access to this kind of infrastructure means you can reach a broad client base and expand your commercial reach, all whilst growing your annual profits.
Although this kind of expansion can be very successful, there also comes a time when it makes good sense to downsize your fleet. In today’s economy, cutting back can be the best choice for your bottom line, as it is not always feasible to maintain a large fleet of vehicles indefinitely.
Decommissioning a choice number of trucks can help your business to stay afloat and boost your profits, where this shouldn’t be taken as a sign of commercial failure. Read on for a look at some of the key indicators that it’s time to reduce the size of your fleet.
Underused Vehicles
A clear sign that you have more vehicles than you need is if you have trucks that are not being utilised to their full capacity. You may find that your vehicles are never completely full or that some are left idle for long periods, where this indicates that your business would benefit from maintaining a smaller fleet.
Rising Costs
We’re all dealing with rising costs at the moment, where this includes soaring fuel prices and expensive vehicle repairs. If you’re finding it difficult to balance the books whilst running a large vehicle fleet, then it may be time to think about downsizing. You can always expand your fleet again at a later stage once you’ve financially recovered.
Changing Business Focus
Beyond the financial draw of downsizing, you may also be looking to decommission some of your trucks if your business focus has changed. If you’re moving some of your operations online or if you’re pursuing more local endeavours, then it might make sense to cut down on the size of your fleet.
Ageing Trucks
It can make good business sense to downsize your fleet if your trucks are starting to age. Older vehicles require regular maintenance and care, where you may find that it will save you money to upgrade to a newer model or to decommission some of your older trucks entirely.
Transcare: Vehicle Fleet Management & Servicing
At Transcare, we provide a comprehensive range of vehicle management services, including fleet safety checks and lorry maintenance. So whether you’re looking to care for your current fleet or you’re thinking of downsizing, our expert team is here to help. Get in touch with us directly today to find out more about our full range of services.
