A method includes obtaining, at a processor, first data associated with operation of a vehicle. The first data includes sensor data from sensor(s) onboard the vehicle and indicates one or more parameter values of a first parameter measured by the sensor(s) and one or more associated timestamps. The method includes determining, by the processor, a first amount of storage space associated with storing a first portion of the first data in accordance with a first storage scheme and a second amount of storage space associated with storing the first portion in accordance with a second storage scheme that is different than the first storage scheme. The method further includes storing the first portion of the first data in a memory in accordance with the first storage scheme based on the first amount of storage space satisfying a first threshold that is based on the second amount of storage space.