2023-2024 Growth Corporates Working Capital Index: Fleet and Mobility Edition

Economic Optimism Boosts Working Capital Use by Fleet and Mobility Companies

2023-2024 Growth Corporates Working Capital Index: Fleet and Mobility Edition

Fleet and mobility middle market companies worldwide plan to increase their use of external working capital solutions, with an expected 17% uptick in users in 2024. The “2023-2024 Growth Corporates Working Capital Index: Fleet and Mobility Edition,” a collaboration with VISA, explores this sector’s plans for using working capital solutions to support its businesses.

Inside the January Report

  • Two-thirds of fleet and mobility Growth Corporates used working capital to cover seasonal liquidity shortfalls, invest in assets and upgrade legacy systems.
  • Top-performing fleet and mobility companies used external working capital strategically, resulting in 26% lower DPOs than those seen among bottom performers.
  • 96% of fleet and fuel companies expect to use a working capital solution in the next year.

    By completing this form, you agree to receive marketing communications from PYMNTS and consent to the sharing of your information with our sponsors, where applicable, in accordance with our Privacy Policy and Terms and Conditions. Sponsors may use this information to contact you directly. You may update your preferences or withdraw your consent at any time.

    to our daily newsletter, PYMNTS Today.

    PYMNTS Working Capital Index