Navigating inflation: smart strategies for rental fleets to manage rising repair costs

Repair costs and parts shortages are surging. Learn how rental fleets can manage inflation and why reviewing insurance cover is critical to reducing downtime and financial risk.

Across Australia, rental fleet operators are feeling the squeeze of a tough economic climate. Beyond fuel prices, repair and maintenance costs are climbing fast. Inflation, supply chain disruptions, and skilled labour shortages mean getting vehicles back on the road now costs more, and takes longer than ever before.

Waiting for something to break is no longer an option. Here are key strategies to stay ahead:

·      Double down on preventative maintenance: Well-maintained vehicles are less likely to suffer major failures. Stick to service schedules for engines, brakes, and tyres to avoid costly downtime.

·      Strengthen repairer relationships: Don’t wait for an accident to find a good repairer. Build partnerships with trusted workshops that understand your fleet and can prioritise your vehicles.

·      Review insurance structure: Check if your excess levels still make sense. Do you have access to a pre-approved repairer network for faster turnaround? For some fleets, add-on cover for downtime can provide a vital financial buffer.

·      Leverage technology: Use telematics to identify harsh driving behaviours that accelerate wear-and-tear. Predictive maintenance insights can help prevent expensive repairs before they happen.

Managing rising costs isn’t easy—but proactive planning can keep your fleet moving and customers happy.

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