Understanding the fleet management cost per vehicle is critical for optimizing operations and improving profitability. This metric breaks down all related expenses—fuel, maintenance, insurance, depreciation, and administrative overhead—on a per-vehicle basis. Analyzing cost per vehicle helps identify underperforming assets and pinpoint cost-saving opportunities. Fleet managers can track this data monthly or quarterly to compare performance across the fleet. Over time, this insight supports smarter purchasing decisions, improved maintenance planning, and better budget control. A lower cost per vehicle generally means more efficient fleet operations, making it a key KPI for long-term success.