The company's online Key 2 Vehicle Management system now features functionality to enable fleet decision-makers to see at a glance whether SMR costs outweigh depreciation, using a simple "red" and "green" forecasting graphic.

Key2 Vehicle Management does not only store data, but actively manages, monitors and analyses it automatically, with automated tolerance checks and notifications being carried out by the system.

Jaama managing director Jason Francis explained: 'Key2 tracks individual vehicle maintenance costs against budgets so fleet managers can see how they have added up over the lifecycle of the vehicle and then extrapolates what spending patterns will be over the coming months.

'Fleet managers can graphically view exactly where vehicle costs move from a normal curve up to a spike via the "red" and "green" graphics and then identify the optimum age of the car or van when it should be defleeted.'

Mr Francis added: 'Fleet managers must also bear in mind that some company car and van drivers are more likely to take extra care looking after a new vehicle than an older vehicle, which can also mean operating costs rise at a faster rate than previously.'