More than half (55%) of the fleet managers surveyed by RAM Tracking are seriously considering expansion over the next 12 months, despite concerns over Brexit and taxation issues.

The majority of respondents to the survey, which is designed to identify the level of success they are experiencing at the moment, denoted by their expansion potential and the role of technology-based tools and processes in helping them grow, operate fleets of more than 10 vehicles.

Chris McClellan, CEO of RAM Tracking, said: "Taking the temperature of the fleet industry on a regular basis is vital, simply because technology and innovation – key priorities for those working in it – moves so fast and has an immediate knock-on-effect.

"What is brilliant is that the realisation that efficient and well-run fleet operations are central to business operations has not gone away – if anything, it's resolve has been strengthened by all the macro-economic uncertainty taking place around the sector.

"The saying 'what doesn't kill you makes you stronger' isn't quite appropriate here, but challenges out of the sector's control have certainly put it to the test – and it's come out on top as the results show."