The Element Fleet Management 2024 Q1 report highlights growing economic optimism despite ongoing challenges like high interest rates and supply chain disruptions. Fleet leaders demonstrate resilience by adapting strategies to mitigate risks and maximize ROI. New vehicle inventory is improving, stabilizing prices, while electric vehicle adoption accelerates globally. Rising maintenance costs remain a concern, prompting proactive fleet management. Element’s insights emphasize agility and data-driven decision-making as essential for navigating today’s evolving fleet landscape and driving sustainable growth.

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