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Higher labor costs will continue to increase the maintenance spend for routine repairs in 2020, especially at service facilities located in high-cost-of-living metro areas.
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The Swiss fleet market continued to see growth to round out 2019 after experiencing declines earlier in the year, and posted a 22% growth in December.
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Electric vehicle sales for fleets reached 23% in 2019, which was hinged partially on company car drivers acquiring assets to avoid tax increases that would impact their purchasing decisions in 2020.
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As more and more manufacturers release new electric vehicles, EV interest has been renewed among fleets.
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The fleet management market in Australia and New Zealand is forecasted to grow at a compound annual growth rate (CAGR) of 15% from almost 0.9 million units in 2018 to nearly 1.8 million by 2023.
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Registration for the eighth annual 2020 Global Fleet Conference has opened and will be held at the Sheraton Roma Hotel and Conference Center in Rome, Italy, May 26 – 27.
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The number of active fleet management systems in South Africa is forecasted to reach more than 3 million users by 2023, a 15% increase from 1.6 million units at the end of 2018.
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Fleet registrations for several countries in Europe dropped significantly following the introduction of the WLTP in late 2018, but most have seen increases in the last several years.
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