Verizon Connect study reveals accident repairs cost small fleets £6,000 per year

Research released today by Verizon Connect has revealed that the average small to medium-sized fleet operated business in the UK faces a £6,000 repair bill each year due to traffic accidents. Compounding this expense, they also lose an average of five working days each year as a result of vehicle downtime caused by traffic accidents.

  • The average fleet between three and 50 vehicles is involved in at least two vehicle accidents per year
  • Fleets also lose an average of five working days per year as a result of traffic accidents

 

READING, U.K. – 05 September 2018 – Research released today by Verizon Connect has revealed that the average small to medium-sized fleet operated business in the UK faces a £6,000 repair bill each year due to traffic accidents. Compounding this expense, they also lose an average of five working days each year as a result of vehicle downtime caused by traffic accidents.  

Recent figures from the Department of Transport found that lorry traffic increased by 1.1% annually, with drivers travelling over 17.1 billion vehicle miles[1]. The impact of this has hit small fleets as more than half (54 percent), experienced an accident in the last year.

The strain on UK fleet managers is telling, with a third (31 percent) of those surveyed by Verizon Connect reporting that maintenance and other associated costs are the top issue keeping them awake at night. The research also shows that fleet managers’ top concern regarding driver safety is using their phones while out on the roads (22 percent), with speeding coming in at a close second (19 percent).

Mobile Resource Management (MRM) software, like Verizon Connect, can help fleet managers improve driver safety standards across the fleet by sending real-time alerts to monitor speeding, breaking and other key driver behaviors. When it comes to the main cause of accidents, 29 percent of fleet managers report that other road users are to blame, rather than their own drivers.

Previous research by Verizon Connect found that a quarter of UK drivers were found to be breaching driver guidelines around rest and fatigue. To combat this, and to uphold driver safety and compliance, just under half of fleet managers (46 percent) use a tachograph to automatically record vehicle speed and distance and to keep track of their drivers’ rest periods.

“For small businesses, the cost of accidents, and driver downtime is a major concern – particularly as margins are tighter and competition is increasing.  But it’s not just the repair bill that matters, a vehicle out of service for five days could mean losing a valued customer to a rival,” comments Derek Bryan, Vice President, EMEA, Verizon Connect.

“With increasing numbers of vehicles out on the road, upholding driver safety is of upmost concern to fleet managers and drivers. While drivers can’t always avoid an accident, particularly if another driver is at fault, there are clear processes and technology that fleet managers can put in place to better protect their drivers. Making sure drivers take adequate rest breaks, while tracking driver behavior and encouraging safe driving practices can save lives, reduce accidents and uphold the lifetime and efficiency of the vehicles within the fleet.”

ENDS

Additional resources

 

Research methodology

The research was conducted by Opinium, completed on 2 January 2018. The findings were generated by interviews conducted with 201 UK fleet managers and decision makers who operate with 3-50 vehicles in their fleets.


About Verizon Connect

Verizon Connect is guiding a connected world on the go by automating, optimizing and revolutionizing the way people, vehicles and things move through the world. Our full suite of industry-defining solutions and services put innovation, automation and connected data to work for customers and help them be safer, more efficient and more productive. With more than 3,500 dedicated employees in 15 countries, we deliver leading mobile technology platforms and solutions. For more on Verizon Connect, visit verizonconnect.com.

 

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[1] https://www.gov.uk/government/statistics/provisional-road-traffic-estimates-great-britain-april-2017-to-march-2018