You can generate great savings and reach valuable benefits thanks to a vehicle tracking system, also called telematics. The return on investment is quick: Amatics, a key player in UK, reported that one of its customer, National Grid Gas plc, has saved the full five-year cost of the system within the first year and is targeting 20% savings of its overall running costs.
It is amazing all you can do with GPS-based telematics. Get a look at that article which describes what you can do with this kind of system.
Browsing the websites of different solution vendors I came to a converging and consistent saving estimate; According to my readings, GPS telematics can save following on average:
- Reduction in operational fleet size of between 12% and 18%.
- Reductions of over 30% in the number of spot-hire vehicles.
- Fuel savings of between 12% and 20%
If you want to go into more details, I would suggest you to read the Vehicle Telematics Cost/Benefit Analysis article from Netistix which underlines how you can save more than 1M$ applying a telematics solution on a 650-vehicles fleet-size.
As far as I could understand, vehicle GPS telematics cost nowadays something like 500$-ish per vehicle per year and can generate 2500$ savings per year.
It’s a no brainer: “Interest in GPS-based telematics is running high” is the title of a recent article published on www.gpsworld.com.