Learn more about Important service updates from Element
Our team brings their deep financial, technological - including artificial intelligence - and business expertise to every facet of your fleet program. Our best-in-class team of fleet management advisors work closely with you to identify opportunities for fleet optimization. Whether your objectives are driven by cost savings, driver safety, or reduced environmental impact, our strategic advisors will provide you with expert advice, guidance and recommendations to help you achieve your goals.
We are the market leader in helping clients mine their fleet data for meaningful, actionable insights. Our advisors, together with our comprehensive analytical tools and modeling, are empowering organizations to think and act proactively instead of reactively.
As your trusted fleet advisor, we benchmark every aspect of the vehicle lifecycle, from acquisition through operating costs, vehicle efficiency, driver safety, and final disposition. We have utilized artificial intelligence to cluster similar fleets that allow us to assess your fleet’s performance against fleets of a similar size, usage and industry type so we can pinpoint inefficiencies, identify cost saving opportunities and provide strategic recommendations.
Our clients reach out to Element for support with many challenges commonly encountered when managing a fleet. Addressing our client’s corporate sustainability goals have become a hot topic in recent years.
Element understands our client’s goals, knows their fleet and we can help guide them in defining priorities. From working with a sales fleet to looking at a combination of incorporating EVs and/or hybrids in their fleet to determining if the time is right to initiate an EV pilot program.
When it comes to acquiring vehicles, our Strategic Advisors help our clients get the right vehicles based on business use, at the right time, with optimal replacement planning. We assess the client’s current fleet, business use expectations and recommend the best time to order new vehicles and remarket current vehicles to receive top dollar. As manufacturer incentives increase for both internal combustion engines and EVs, it’s more important than ever for our clients to take advantage of these incentives to reduce their overall vehicle costs.
Maintenance costs continue to rise. Labor shortages and increased parts costs and parts shortages have led to an increase in vehicle repair costs. That and keeping vehicles longer also leads to higher repair costs. To combat these rising costs, our advisors make vehicle replacement recommendations and advocate for clients to adhere to preventive maintenance guidelines to address problems before they get bigger and more expensive. By leveraging Element’s negotiated rates with national account suppliers, available on our Supplier Locator, clients can benefit from discounts on vehicle repairs.
Every vehicle fleet is unique, and so is our approach. Our strategic advisors go beyond simply consulting on your fleet, we become your trusted, long-term, fleet advisor. Our advisors will listen to your needs and goals, learn your business, identify risks, and make recommendations to enhance the overall performance of your fleet. Depending on your objectives, we'll recommend a tailored mix of actions and apply them to your fleet's specific challenges and opportunities, ensuring we deliver strategic recommendations that enhance the performance of your fleet.
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A pharmaceutical industry client needed to execute on a fleet strategy to ensure compliance with global fleet sustainability targets and drive go-forward savings in their North American fleet.
Comprehensive model-year pricing exercise which compared ICE, hybrid, and electric vehicle selector options across multiple OEM offerings. Focused on overall TCO, as well as pro forma fuel economy and CO2 grams/km metrics. Identified hybrid vehicle selector options for salespeople and managers. Developed a three-year replacement strategy that maximized year one adoption rates.
64% improvement in pro forma fuel economy
Year one accelerated adoption – cycled 47% of fleet despite supply chain challenges
$8 million total projected life cycle cost savings (three years)
Repair cycle time was reduced from 12 days to 8.5 days
