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Click the thumbs up >Stolen vehicles or equipment costs fleet-based businesses an average of £12,250 each year, new research from Verizon Connect reveals.
For businesses with more than 100 vehicles, the cost is even higher, with the data suggesting fleets lose, on average, £21,000 each year.
The study, which was conducted by Censuswide and generated by interviews held with 409 fleet decision-makers that operate fleets of between three and 500 vehicles, also revealed that two in five (40%) fleets had vehicles stolen that could not be recovered in the past year, while 45% experienced theft of assets such as tools, equipment, IT or cargo.
Theft was shown to hurt organisations of all sizes, with almost two thirds (62%) of fleet-based businesses with more than 100 vehicles experiencing a theft in which vehicles or assets were unable to be recovered in the past 12 months. On average, fleets of this size are losing 1.92 vehicles per year.
Derek Bryan, EMEA vice president at Verizon Connect
Despite much of the global transport industry grinding to a halt as the COVID-19 pandemic shook our planet, fleet-based businesses were more important than ever.
Supply chains still needed to be fulfilled, deliveries made, and goods hauled cross-country – the pandemic shone a light on the necessity of these essential workers.
Perhaps because of the increased demand on fleet-based businesses, a quarter of commercial drivers are now breaking road safety regulations, with many spending over 4.5 hours at the wheel without taking their mandated 45 minute break, according to Verizon Connect’s new Fleet Manager Survey 2020.