Fleet Management: What Trends to Expect in 2024

Fleet Management: What Trends to Expect in 2024

June 6, 2023

The past three years have shaken the foundations of various industries, and fleet management is no exception. Fluctuations in workforce, supply chain shortfalls, and large technological shifts have each shaped the latest fleet management industry trends. Stay ahead of the curve and prepare for what’s next by learning about fleet management trends in 2024. 

What Changed in the Past Three Years?

The COVID-19 pandemic reshaped the way many industries operate, and fleet management trends in 2022 reflected large shifts. In the last few years, supply chain shortages, changes in labor patterns, and new technology have all played a role in industry changes. Add these factors to fluctuating fuel prices, unpredictable insurance processes, and increased repair costs, and many fleet management professionals were left scrambling to keep up. While normalcy has been restored to many industries and various aspects of daily life, the turmoil of the past three years continues to shape fleet management industry trends. 

2024 Fleet Management Industry Trends

1. Supply Chain Issues

Supply chain problems continue to wreak havoc on the fleet management industry. From microchips and steel to foam and rubber, countless essential materials are backed up in the auto industry. This continued supply chain backup means that purchasing new vehicles will be slower and more expensive than most fleets have the time or resources for. Without proper planning, these cost increases can be catastrophic for fleet budgets. 

One way that fleet managers can stay ahead of these more unfortunate fleet management industry trends is through careful preventive maintenance. The longer a fleet can keep a vehicle up and running smoothly, the better. Avoiding costly repairs and expensive replacements is crucial now more than ever.

Engineer in Work Uniform Using Laptop Computer with Spreadsheet Software on supply chain

2. Safety Measures

The fleet management industry has always placed emphasis on safety measures. Fleet management trends in 2023 and 2024 include the adoption of exciting new technologies that can help keep drivers and the public safer. For example, telematics features such as vehicle tracking and maintenance alerts give fleet managers heightened visibility into the safety practices of all drivers. Increasingly, fleets are leveraging in-cab devices that can help alert drivers to safety hazards such as reckless driving, speeding, and lack of seatbelt usage. With more data and a more thorough picture of driver safety, fleets can better train and respond to safety measures in 2024.  

3. Implementation of Electric Vehicles

Sustainable solutions have made an appearance in fleet management trends in 2022 and beyond, so it’s not surprising that a growing number of fleets are adopting electric vehicles in 2024. Electric passenger vehicles have exploded in popularity in the last few years, with Tesla forging a path for various other manufacturers to explore this technology. In fact, while electric vehicles only made up 4% of the global car market in 2020, that share jumped to 14% in 2022 and is projected to hit 18% this year. 

While electric passenger vehicles are more common, some fleets are also implementing electric vehicles in 2024. This practice will help fleets avoid the instability of changing fuel prices while also benefiting the environment. In the next few years, fleet managers can expect to see even more options for electric fleet vehicles and sustainable technology. 

4. Increased Costs

 Hand with business chart growth in flat style design

Fleet managers are facing increased costs in 2024. Drivers of these increased costs include:

  • Supply chain issues
  • Fuel prices
  • Inflation 
  • Higher repair costs
  • Labor shortages and turnover harming productivity

Each of these factors wreaks havoc on profit margins. Fleets are scrambling to find ways to save money in order to boost their bottom line without sacrificing quality or safety. One strategy for reducing costs and boosting efficiency is mobile fleet maintenance. 

5. Mobile Fleet Maintenance

One of the most positive fleet management industry trends of 2024 is the increasing popularity of mobile fleet maintenance. Opting for mobile fleet maintenance is an effective way to reduce overall costs while also preserving efficiency and accounting for a tighter workforce. Rather than relying on traditional repair shops that require fleet managers to plan routes around appointments and pay for staff time during servicing, mobile fleet maintenance allows for convenient repairs and maintenance at the fleet’s chosen location. 

By leveraging mobile fleet maintenance, fleet managers benefit from:

  • Reduced downtime
  • Improved efficiency
  • Streamlined processes
  • Convenient scheduling
  • Enhanced fleet availability

Staying up to date on preventive services can be difficult when doing so requires extra costs and employee time. Mobile fleet maintenance means fleets can stay healthy and up to date on services without sacrificing their bottom line. 

Torque by Rider provides dependable maintenance, right at your door. With no contracts and flexible scheduling, it’s easy to schedule preventive maintenance or repairs with Torque. Our best-in-class technicians are prepared with advanced tools and training. Pay as you go and enjoy the convenience and uptime of reliable mobile fleet maintenance. Get started today!

With Torque, your fleet is in safe hands.

Get in touch with our expert team today.
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