Benchmark your construction fleet costs against industry standards to optimize . Use our guide for key metrics, comparisons, and strategies to reduce expenses and improve efficiency.
Track and compare construction fleet expenses effectively.
In the construction industry, uncontrolled fleet costs can erode profits. Benchmarking helps identify inefficiencies, set targets, and drive cost savings while maintaining operational standards.
Rising fuel prices, maintenance delays, and underutilized assets plague construction fleets. By benchmarking against peers in Cost, you can pinpoint variances and implement data-driven improvements.
| Metric | Industry Avg. | Target |
|---|---|---|
| Fuel Cost per Mile | $0.45 | $0.35 |
| Maintenance per Vehicle | $12K | $9K |
| Downtime Hours | 150 | 100 |
| Total Ownership Cost | $85K | $70K |
Benchmark these in your cost roadmap for ongoing optimization.
Practical guide to compare and improve your fleet costs
Start with your executive brief for baseline data.
Integrate into your playbook for actionable insights.
Follow your roadmap for sustained gains.
Spot and address discrepancies to maximize savings
Address via cost playbook strategies.
Leverage in your roadmap for growth.
Measure and track performance with these core indicators
Calculate total costs divided by operating hours for accurate comparisons.
Assess return on fleet investments against revenue generated.
Percentage difference from industry standards to highlight gaps.
Set quarterly goals based on benchmarking data for continuous improvement.
Expert answers to optimize your fleet finances
Quarterly benchmarking is ideal to track seasonal variances. Use our roadmap for scheduled reviews.
Fuel (40%), maintenance (30%), and downtime (20%) are top drivers. Address via playbook tactics.
It reveals inefficiencies, enabling 15-25% cost reductions that directly boost returns. Start with your executive brief.
Our HVI app provides dashboards for real-time comparisons. Integrate with Cost & ROI hub for full analytics.
Deepen your knowledge with these construction-focused tools
High-level overview of cost challenges in construction fleets.
Learn MoreComprehensive resources across key areas
Leverage AI and IoT for smarter fleet operations.
Ensure regulatory adherence and risk reduction.
Maximize vehicle availability and productivity.
Drive financial performance through targeted strategies.
Benchmarking unlocks 20%+ savings—use our tools to compare, analyze, and act. Track ROI in real-time with the HVI platform for data-driven fleet management success.
Industry-standard comparisons
Targeted reductions for ROI
Dashboard tracking in app