Mexico fleet management, market for opportunities
Only about 15% of the companies in Mexico use fleet management services, in contrast to Europe or the United States where up to 70% can be seen in some regions, says Fleet Latam advisory board member David Madrigal.
As such, there is a lot of potential for growth in the market. However, "there is still a lack of knowledge and trust regarding some of the financial options [leasing programs] in the market,” says Madrigal who is also the president of Element Fleet management in Mexico.
The multinational company offers a full range of comprehensive and tailored solutions, including those pertaining to vehicle acquisition, financing, maintenance, and resale. Managing some 40,000 vehicles in Mexico, the Canada-based firm is also part of the Element-Arval Global Alliance.