Vehicle asset benchmarking system

A vehicle asset benchmarking system comprising:

• a plurality of vehicles configured to provide vehicle telemetry data;
• at least one mobile device of a user, said mobile device configured with an application or ‘app’ to provide a vehicle species including particular telemetry data of such vehicle species;
• and
• a processing system comprising an interconnected processor, input/output interface and a memory arrangement, the processor configured to:
• provide a GUI to user mobile device by means of the Internet;
• upon receipt, from the GUI, of the vehicle species including particular telemetry data, collate a genus schema from vehicle telemetry data obtained from the plurality of vehicles, said genus schema collated by compiling a schema of comparative telemetry data from the plurality of vehicles of similar species;
• compare the telemetry data of the provided vehicle species with the genus schema by means of a statistical benchmarking algorithm configured to:
• i. calculate an overall condition score for the provided vehicle species by corresponding the mean or median value of corresponding genus fields in the genus schema to a mean or median value of the provided vehicle telemetry data;
• and
• ii. analyse temporal data of the collated genus vehicle telemetry data to perform a ‘life to expected failure’ analysis by comparing such temporal data to the provided vehicle telemetry data;
• and
• provide a comparison report to the user of such overall condition score and ‘life to expected failure’ analysis, wherein the report is indicative of a condition of the vehicle species in comparison to the genus.