2025 Fleet Cost per Mile & TCO: Service Provider Fleets

Benchmark Snapshot: 2025 at a Glance

According to Fleetio’s 2025 Fleet Benchmark Report:

Metric	Service Provider Fleets	Overall Fleet Average
Miles Driven	37,036	33,368
Cost per Mile (CPM)	$0.24	$0.24
Fuel CPM	$0.15	$0.14
Service CPM	$0.06	$0.07
Total Cost per Asset	$9,584.45	$10,168.71

Field service fleets cover serious ground — but often do so with fewer resources and leaner teams. This benchmark snapshot shows that while CPM is on par with the national average, TCO is more efficient than most. For service businesses, that balance matters.

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What’s the Total Cost of Ownership for Service Fleets?

The median total cost of ownership (TCO) for a service provider fleet asset in 2025 is $9,584.45, slightly below the overall fleet average of $10,168.71.

These fleets operate at a near-identical cost per mile to the broader market — but with more predictable ownership costs. High asset utilization and consistent vehicle types help lower costs across the board.

To reduce TCO further, service fleets should:

• Track idle time and fuel use by driver or route
• Use mobile inspections to flag small issues early
• Monitor asset-level performance to guide replacement timing

When uptime is your product, controlling both CPM and TCO means protecting revenue and reputation.

Why Is Service Provider CPM So Efficient?

Service provider fleets typically use light- or medium-duty vehicles and operate in tight service zones. Their efficiency comes from:

• Shorter routes and optimized dispatching
• High mileage spread across consistent assignments
• Simple, repeatable maintenance tasks
• Centralized oversight of performance and scheduling

These fleets don’t just work harder — they work smarter.

What’s Driving Up Your CPM or TCO?

If your CPM is creeping past $0.24 or your TCO feels higher than it should, check for:

• Irregular or missed preventive maintenance
• Limited visibility into underused or high-cost vehicles
• Reactive repairs that could have been avoided with inspections

Fleetio gives you the clarity to see where the costs are coming from — and what you can do about them.

How to Lower Your Fleet’s Cost per Mile and TCO

With fleet software for service providers, you can:

• Track maintenance, costs, and usage in real time
• Compare cost per asset across locations or teams
• Set utilization thresholds to flag underperforming vehicles
• Automate reminders to keep PM on track

Keep Learning

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