AN INVESTIGATION OF RENTAL RATES FOR CENTRALIZED FLEET VEHICLES
This report details a study to investigate the current rental rate structure used by the Division of Fleet Management (Fleet Management) to charge state agencies for the use of centralized fleet vehicles. The researchers conducted a literature review of past studies completed by the Joint Legislative and Audit Review Commission (JLARC) regarding Fleet Management. The researchers then analyzed data from Fleet Management and performed regression analyses to develop new replacement criteria and a new set of rental rates. The impacts of these suggested rates were identified. Recommendations from the report include: (1) Fleet Management should replace passenger sedans and minivans at approximately 105,000 mi (168,945 km) and replace full-size vans at approximately 120,000 mi (193,080 km). (2) Fleet Management should request that JLARC change the current rental rates to the rates suggested in the study. (3) Fleet Management should reevaluate the rental rates every 2 years and/or after any significant change in vehicle purchase prices or in the composition of the fleet.
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- Record URL:
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Corporate Authors:
Virginia Transportation Research Council
530 Edgemont Road
Charlottesville, VA United States 22903Virginia Department of Transportation
Office of Public Affairs, 1221 East Broad Street
Richmond, VA United States 23219 -
Authors:
- Hanson, R A
- Kyte, C A
- Publication Date: 1999-4
Language
- English
Media Info
- Features: Figures; References; Tables;
- Pagination: 23 p.
Subject/Index Terms
- TRT Terms: Fleet management; Ownership, leasing and rental; Recommendations
- Uncontrolled Terms: Vehicle replacement
- Subject Areas: Administration and Management; Highways; Research; I10: Economics and Administration;
Filing Info
- Accession Number: 00763227
- Record Type: Publication
- Report/Paper Numbers: VTRC 99-TAR6,, Project No. 21529,, Technical Assistance Rept
- Files: NTL, TRIS, STATEDOT
- Created Date: May 18 1999 12:00AM