Fuel Prices Are on the Rise: What This Means for Your Company You can’t escape it. The signs are all around you. Literally. Pass any gas station and you’ll see that fuel prices have gone up in the last month, and way up since the past few months. Since September of 2017, actually. This change…
Continue ReadingWhat happened to the F150? After a fire at one of their suppliers on May 9th, Ford halted production of the F150. The Vincentric Best Fleet Value in America Award winner is a common company vehicle in industries with heavy lifting and off-roading requirements: oil and gas, construction, heavy equipment, forestry, fishing and agriculture. Though…
Continue ReadingThere are four well-known options that companies can choose from for their business vehicle program: company-owned vehicles, flat allowance, fixed and variable rate and cents-per-mile reimbursement. While the Fixed and Variable Rate (FAVR) Reimbursement program is the most comprehensive and flexible, each offers a different solution to the issue of business travel. Take the mileage…
Continue ReadingA Flexible Medical Device Vehicle Program Medical device companies are known for experiencing explosive growth. Once their product is approved, it’s all about selling. But even a top sales team wouldn’t get far without a vehicle program that gets them to and from meetings. So what is the best medical device vehicle program? There are…
Continue Reading2018 Vehicle Cost Trends and Your Business It’s well-known that economic forces have a direct impact on businesses. In fact, for businesses with mobile workers, the 2018 Vehicle Capital Costs Trend Report forecasts significant changes for this year’s automotive landscape. So, what does that mean for these companies? It truly depends on the type of…
Continue ReadingWhen it comes to managing risk in their vehicle programs, companies use several methods to protect their business and their mobile employees. According to a recent Motus study, 69% of companies verify auto insurance, and 39% use Motor Vehicle Record (MVR) checks. While these are helpful tools in a time of increasing vehicle accident rates,…
Continue ReadingAccording to the National Highway Traffic Safety Administration (NHTSA), in 2016 there were 3,450 people killed in motor vehicle crashes involving distracted drivers. In the first Distracted Driving Awareness Month blog post we discussed how this increase impacts car insurance rates. While the increasing expense may hurt a company’s bottom line, vehicle accidents impact businesses…
Continue ReadingDid you know that April is National Distracted Driving Awareness Month? Keeping drivers safe behind the wheel is important for everyone on the road. Due to increasing mobility, there are millions of people driving for work every day. As a result of more drivers on the roads, the number of vehicle accidents and injuries have…
Continue ReadingExpense management is one of the top line items costing companies and impacting their bottom line. The cost of one-size-fits-all approaches to expense management are significant to the extent that they’re no longer proving ROI to businesses. In fact, they’re pushing business leaders to find new solutions that lower costs and create efficiencies in the…
Continue ReadingIt’s not always easy to find the right vehicle program for your business. That’s true if you’re a small business owner supporting a few remote employees. It’s true if you’re a regional sales manager overseeing an entire mobile workforce. There are a number of factors to consider when deciding which type of vehicle program will…
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