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Research Outline
Prepared for francis w. | Delivered March 5, 2020
Life Cycle TCO of Class 8 Trucks
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Goals
To determine the life cycle total cost of ownership of Class 8 trucks in the US and provide the breakdown in terms of fuel costs, routine maintenance, and other.
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Early Findings
Life Cycle TCO
The total cost of ownership of a financed class 8 truck over a 15-year life cycle is
$2.28 million
. The cost per mile is
$1.50
. Over two in three (
68%
) class 8 trucks are financed.
T
h
e
total cost of ownership of a class 8 truck leased in four-year intervals over a total of 15 years is
$2.30 million
.
T
h
e
cost per mile is
$1.53
.
Breakdown of TCO
The per-mile total cost of ownership of a Class 8 tractors broken down by category (2012):
Financing:
$17/ mile
Maintenance:
$16.2/ mile
Administration:
$3/ mile
Licensing:
$2/ mile
Total:
$38.2/ mile
TCO by Fleet Size
The cost of ownership of a class 8 tractor varies depending on the size of the fleet (2012):
25-99:
$45.7/ mile
100-499:
$36.6/ mile
500+:
$32.3/ mile
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