2 mai 23

Largest vehicle leasing, fleet management players in Latin America

Despite a few political and economic hurdles in Latin America, vehicle leasing, and fleet management is holding strong and here are some of the main companies keeping things on track throughout the region.

To get a better idea of the number of vehicles in each of the respective fleets below, Fleet LatAm Advisory board members will be disclosing more information on 15 May, the first day of the 2023 Global Fleet Conference taking place in Portugal. 


Ranked as the largest player in Brazil as well as the overall leader in Latin America in terms of the number of vehicles managed, Localiza&Co leads in the region. Based out of Brazil, approximately 57% of its fleet is rent a car and the rest are fleet vehicles.

"For fleet, we cover various sectors, including corporate fleet, government fleet, agro-related fleet, and car subscriptions for individual customers. We provide cars and trucks, including electric vehicles and those that are customized,” the company’s Executive Director of Special Projects Joao Andrade (pictured left) told Global Fleet.

Localiza&Co is followed by Brazil’s second largest player Movida with approximately 40% the fleet size, half of which are car rentals and half being for the fleet leasing market.  

Element, Arval, RDA 

In Latin America, Element Fleet Management leads the vehicle leasing and fleet management market in Mexico. “We manage all vehicle types, from light vehicles to heavy duty trucks which includes material handling equipment (MHE) and Trailers,” says Manuel Tamayo (pictured below left) who heads the company in Mexico.

Meanwhile, Arval covers four countries in the region. “While most of our financed vehicles are in Brazil, we also have vehicles in Chile, Peru, and Colombia,” says Ricardo de Bolle (pictured below right) who is Arval Global Business Development Director in Latam, adding that the company provides passenger cars and LCVs up to 3.5T. 

Besides having a global alliance with Element Fleet Management, Arval has an exclusive partnership with Argentina-based RDA Mobility (formerly RDA Renting) which manages vehicles in other South America markets. 

ALD, Autocorp, Arrend

ALD Automotive currently covers 13 Latin America countries, five being through its own affiliates (Brazil, Mexico, Chile, Peru and Colombia) and eight through two exclusive partnerships. Regarding its own affiliates, more than 80% of the ALD Latam financed vehicles are passenger cars. 

“Light commercial vehicles (LCV) and small trucks, however, are gaining space in the ALD portfolio, showing continuous growth over the past three years. In 2022, 5% of deliveries were green vehicles (mild hybrid, PHEV, EV),” ALD’s Latam regional director Kent Bjertrup (pictured left) told Global Fleet.

As for its partnerships, Argentina-based Autocorp attends Argentina and Uruguay and Guatemala-based Arrend Leasing covers Guatemala, Salvador, Honduras, Nicaragua, Costa Rica and Panama. 

One thing that we cannot overlook is that ALD Automotive has acquired LeasePlan for 4.9 billion euros (US$5.18bn), paving way for the creation of the world’s largest vehicle leasing company. In Latin America, LeasePlan operates in Mexico and Brazil. 

Authored by: Daniel Bland