How Will Emerging Trends Shape the Future of Fleet? ARI Experts Share Their Insight
With innovation racing through the entire automotive sector, new technologies are poised to have a significant impact on the fleet industry for years to come. While some solutions such as autonomous vehicles are still very much on the horizon, other emerging trends including increased vehicle connectivity and sustained demand for SUVs and crossovers are certainly affecting fleet operators today.
In a recent article by Automotive Fleet, ARI’s Mike Bryan, Don Woods and Lou Vella shared their perspective on several key trends and how they may influence the future of fleet management.
As the composition of a typical fleet continues to evolve, Mike Bryan points to the importance of rightsizing initiatives. Bryan says whether it is a comprehensive spec’ing strategy designed to help optimize vehicles for their intended task or ensuring you have the ideal amount of vehicles to properly support operational demands, rightsizing is vital to operating an efficient, cost-effective fleet.
Don Woods notes that while most fleets in North America remain truck-centric with an emphasis on moving both people and equipment, ride sharing and mobility as a service (MaaS) may eventually be a viable option in certain scenarios. He explains how we’re leveraging fleet data to help you determine if drivers need a fleet vehicle or simply a ride but Woods cautions, these mobility solutions are likely several years away from significantly impacting most fleet operations.
And while many evolving technologies continue to pique the interest of fleet operators, Lou Vella believes telematics is the key to unlocking a wide-range of benefits for many fleets. “At the end of 2018, telematics devices will be in use across approximately 30% of all North American fleet vehicles – with that number expected to rise to almost 50% by 2022. Telematics and advanced analytics are driving efficiency today and are poised to continue to do so for the foreseeable future,” says Vella.
For more on emerging trends poised to impact the fleet industry, read Ted Davis’ 2019 supply chain forecast and be sure to check out Rick Tousaw’s blog to learn how we’re helping you prepare today for the mobility challenges of tomorrow.