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.