Total Cost of Ownership (TCO) Index examines major cost categories for owning a fleet vehicle including fuel, depreciation, maintenance and interest expenses.
As North America’s premier fleet management company, Element provides world-class financial and management services for commercial vehicle and equipment fleets. This Index identifies trends in the cost of vehicle ownership and is based on a sample fleet of sedans, SUVs, minivans, pickups and vans. It is published annually each spring providing metrics for the previous year. Leading brands and companies looking to lower their TCO work with Element to identify fleet management services that span the total fleet lifecycle, from acquisition and financing to program management and vehicle remarketing.