What Impact Does Brexit Have on Fleet Maintenance?

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What Impact Does Brexit Have on Fleet Maintenance?

What Does Brexit Have in Store for Fleet Maintenance?

What will a post Brexit economy look like when it comes to fleet maintenance?

Whilst the negotiations are still ongoing the eventual impact of Brexit is hard to predict with any certainty.

However, early signs can give us some clues as to the impact of Brexit on fleet maintenance.

Prices May Rise

Whatever your fleet maintenance budgets were last year, it’s likely that they’ll need to increase.

Fuel costs are predicted to increase so are your fleet maintenance costs, if your day to day vehicle maintenance depends on imports of any kind. We don’t yet know the impact of Brexit on tariffs and any additional import duties we may have to pay.

The Impact of Brexit on Customers

The costs position post Brexit will affect you whether you’re maintaining an in-house fleet or carrying out work for external customers. However the impact of Brexit may be felt more keenly if increased costs are affecting your customers and what they can afford to pay you.

There is still potential for Britain to be a major exporter if the value of sterling remains low. That means that your fleet maintenance could play a key part in your business survival. Offer your customers an efficient and cost effective service and you may be able to reduce the impact of Brexit on both yourselves and them.

What To Do Next

Firstly, ensure that your fleet maintenance is as efficient as possible. Review spending on fuel costs and get good fleet maintenance systems in place to avoid lost time.

Also consider whether your fleet maintenance includes measures to ensure that deliveries are being managed in the most efficient way possible. Our FleetIQ system allows you to organise routes efficiently and increases your ability to obtain payment for completed deliveries so it’s a win-win.

How are you preparing for Brexit?

Paul Cochrane
Paul Cochrane
Paul is the Managing Director of Vtec Solutions. He has expertise in vehicle tracking and fleet management, spanning over a decade and prides himself in understanding business fleet challenges and ensuring fleets are running at their optimum.