Fleet management applies mainly to leased and owned fleets, and service portfolios can include maintenance, repairs, fuel cards, and insurance. By centralizing all processes and transactions tied to corporate fleets, fleet management companies allow their clients to be more productive and plan for growth based on hard data and actionable insights on the performance of their vehicles and their drivers.
• Although 2020 was a tough year in Latin America because of the COVID-19 pandemic, higher vaccination rates have stimulated the return to the face-to-face work and social activities. As national economies regained their footing, the fleet management industry got back on track.
• Corporates with owned fleets (a common feature of the region) and third-party fleets (with leasing or rental contracts) have been more interested in acquiring fleet management services so they can concentrate on their core business.
• To keep existing customers and attract new ones, mobility companies that offer fleet management have been investing in innovative solutions and working on the expansion of their service catalogs. As a result, partnerships have begun to arise in recent years.
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