August 1, 2022
Fleet Industry Consolidation Will Accelerate Industry Transformation
The 106th State of the Fleet Industry video produced by Automotive Fleet offers insights into the state of the fleet market as presented by AF Editor Mike Antich.
🎙Today's topics include:
- Merchants Fleet will be acquired by Bain Capital and a wholly owned subsidiary of the Abu Dhabi Investment Authority, which is one of the largest sovereign wealth funds in the world.
- The acquisition will provide much deeper pockets to accelerate the launch of new services, create a financial environment for more rapid implementation of new technologies, and provide the financial wherewithal for Merchants to expand into new markets.
- The anticipation is that the industry is on the verge of an onslaught of new, non-traditional competitors entering the fleet space.
- The momentum driving industry consolidation in today’s market will continue as there are several companies that have stated they are willing buyers of existing FMCs.
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⌚ Timestamps ⌚
3:20 Onslaught of New Non-Traditional Competitors
3:44 Software-as-a-Service (SaaS) Competitors
4:02 Legacy OEMs Bundling Assets with Services
4:18 New Business Models from Startup EV OEMs
5:02 Look Outside of Fleet for New Fleet Trends