There’s seldom an industry as dynamic as the fleet industry. You must already be aware that fleet management compels you to face challenges from a wide range of factors such as –
- The political scenario
- The law of the land
- Economic stability
- Social situation
- Environmental impact
And too many more to name.
Needless to say, any fleet business is subject to numerous laws, tests, and regulations which change with the times.
While the rules are meant to make transport safer and more efficient for all, it can often catch fleet business managers off guard.
One such novel test is called the Worldwide Harmonized Light Vehicles Test Procedure, also known as WLTP.
The objective of WLTP is to establish a standardized, global procedure to determine a range of things – from the level of pollutants, fuel consumption, CO2 emissions, and so on – regardless of vehicle type.
A global procedure such as this is bound to have a far-reaching impact on the fleet industry. It is, therefore, crucial for you to understand how to respond in a manner that benefits your business.
Fret not; we are here to help you with just that! Read on to find out more about the WLTP Test and its impact on the fleet industry:
1. Vehicle Delivery Schedules May Be Impacted
Vehicle productions were impacted due to the new WLTP procedure, as the manufacturers had to ensure compliance.
Whether the transitional period was comfortably sufficient or not can be debated, but as a fleet manager, your delivery schedules are bound to be severely affected.
It is now your responsibility to make adjustments in the planning schedule, so your clients do not face any trouble.
2. You May Have To Switch Brand Loyalties
Different car manufacturers and suppliers have responded differently to this new procedure. While some have been quick to adapt, others not so much.
This means that you need to pick your brands wisely, so you do not end up on the wrong side of the law – the consequences of which would be nothing short of disastrous.
Keep the below pointers in mind:
- Your reputation as a compliant organization should never be compromised.
- Your clients should never lose trust in you.
- When dealing with suppliers, compliance should be at the top of your mind.
This doesn’t mean you have to jeopardize long-standing business relationships. Rather, you need to have the right people skills to put your foot down at the right time.
3. Make Cleaner, Greener Choices
If raw concern for the environment is not enough to incentivize changes in fleet choice, the WLTP rules will certainly do it.
As fuel consumption and CO2 emissions are taken into account under WLTP, it makes more sense than ever before to invest in greener alternatives to traditional vehicles.
Customers today are keener to associate with brands that display concern for the environment. This helps in building relationships in the long-run as you now bond over a shared mission.
Additionally, there is nothing better than to play your part in making the world a better place to live.
4. Electric Vehicles Could Save You Money
The two factors that kept most fleet operators away from making the switch to electric vehicles were the cost of switching over and the dearth of choices.
With greater manufacturers jumping on the electronic vehicle (EV) bandwagon in both developed and emerging economies, lack of choice is no longer a factor that should keep you from making the move.
More importantly, with the introduction of WLTP, you now have a financial incentive to push for EVs. Not only does your fleet save on fuel costs, but EVs also attract lower vehicle tax.
These factors add up to make electric vehicles a lucrative option for fleet managers.
5. Solid Fleet Policy
With the introduction of WLTP, it is necessary for fleet managers to have a fleet plan.
This fleet policy should take the vehicle life cycle, speed and comfort, and overall environmental impact into account. It must also include a provision in case of untoward incidents such as truck theft.
The need for a robust policy has never been greater. It is to the benefit of everyone that fleet managers develop a fleet policy in consultation with all stakeholders involved.
6. Stay In The Know
With changing procedures, tests, and laws, this much is clear – fleet managers must always be on top of things to stay in business and make wiser decisions.
The fleet industry has turned into an extremely dynamic field that is changing quickly with the times.
You cannot afford to be caught unawares in a world that is tightly regulated and highly competitive. You need to know every bit of news that impacts you and the business you are in.
7. Be Prepared For Challenges In The Future
While reducing carbon footprint has been a focus of global corporations for long, not everyone was buying into it.
With the introduction of WLTP, the fleet industry is definitely moving a step toward environmental care and concern.
While it is heartening to hear this, you must know that with every change come new challenges that the industry must be ready to face. Nothing is served on a platter – most certainly not in the fleet industry.
Operating in the fleet industry is clearly no mean feat. To survive and thrive in this industry, you ought to work on your toes, be unafraid of change, develop empathy for all, and know the rulebook.
The fleet industry, like most others, has been impacted by the pandemic. This has thrown a new challenge on top of existing ones that fleet business owners are already grappling with.
However, what is essential at this stage is not to let any of this dishearten you and keep going strong.
The WLTP test is one of many changes that have been introduced in the fleet industry, and no doubt, fleet managers would struggle initially.
But when you think that the WLTP test is only a step to make the planet safer for us all, compliance fails to seem like a burden. Simplifying the process undoubtedly makes the road ahead look less daunting.