Over the last five years the numbers of fleet vehicles in the top five European markets (France, Germany, Italy, Spain and the UK) have been slowly growing as card eligibility levels are reduced and the fleet sector faces increasing competition from foreign companies. This trend will continue to grow as fuel prices begin to rise towards 2020, forcing fleets to use fuel cards to lower transport costs and remain competitive.  Freight companies or logistic service companies which are dependent on the utilization of fleet of vehicles, can maximize their profits by downsizing fuel expenses.

 

 

 

With the majority of CRT vehicles already using fuel cards, new fleet vehicles will provide some of the only legitimate growth in the fuel card market across Europe, as an additional 463,701 fleet cards will be issued between 2015 and 2020.

 

Traditionally, small domestic fleet vehicles have not been eligible for fuel cards, but by launching a card aimed at domestic fleets with lower minimum volume requirements, card operators will remain competitive within this new market segment. A large network, favourable discounts and credit period, and cost monitoring services will appeal strongly to smaller fleets over the next five years. If card operators begin to provide these services now, they will see their market shares boosted by this growing market segment toward 2020.