Pendragon Vehicle Management expects vehicle replacements to continue apace in 2017

Pendragon Vehicle Management has seen fleet volume increase by more than 10% both in 2015 and 2016, and expects this to continue into 2017.

Despite commentary highlighting there may be market headwinds to endure, along with an economy subject to several external factors outside of company control, PVM is focusing on the opportunities that these market conditions present and they aspire to continue and accelerate their level of growth in 2017.

There is already more positivity going into 2017 over the future of Salary Sacrifice Car Schemes such as SimplyDriveIt and, to date, PVM has not seen any changes either in appetite or support from vehicle manufacturers to the fleet and the corporate sector.

Pendragon Vehicle Management expects the fleet and business sectors to continue to be active in vehicle replacements, given the greater level of financial and operational efficiencies new vehicles deliver compared to vehicles over 4 years old.

The automotive market is impacted by increases in vehicle taxation so, if forecasts of falling car and LCV vehicle registrations in 2017 prove accurate, PVM does not expect the fleet and business sector to be heavily impacted as the average mileage driven by business drivers is considerably higher than private motorists.

PVM’s outlook remains bright and they have invested heavily in IT to improve the corporate and personal customer user experience and they continue to adapt their products and services so that they remain fit for purpose despite legislative changes enforced by the government.

Neal Francis, Divisional Manager Director, said: “To deliver on company aspirations for further growth, Pendragon Vehicle Management has already expanded their direct sales team.

“We are very much open for business and look forward to delivering as positively as we have for our customers in 2017 as we did in both 2015 and 2016.”