Motus, the premier vehicle management and reimbursement platform, today released its 2019 Cost of Vehicle Ownership Trend Report, which reveals how new vehicle prices, residual values and depreciation directly impact the costs of owning and operating vehicles.
The report found that depreciation accounted for 32.9 percent of the total cost to own and operate a vehicle over the past 12 months.
“This is a slight year-over-year decrease and establishes a three-year trend of gradual decreases in the rate of depreciation, representing an eight percent improvement since 2016,” said Ken Robinson, market research analyst for Motus. “With this in mind, Motus predicts that depreciation will decrease between half of a percent and one percent over the next 12 months.”
Read more to access the full report.
The post Motus Report Sheds Light on the Cost of Vehicle Ownership in 2019 appeared first on Fleet Management Weekly.
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