Tech company announces price freeze to support the fleet sector

Digital Innk says it will freeze prices for the next 12 months to help fleets manage the challenges of rising energy costs and is asking other tech companies to follow its example.

Angela Montacute, chief executive officer at Digital Innk, said: “Fleet companies and their staff are facing a multitude of challenges from rising energy costs to the cost-of-living crisis. The industry is clearly facing inflationary pressures, and the tech sector is well placed to help mitigate the impact.

“Digital transformation helps companies operate more efficiently, and now it’s time to go the extra mile to help our customers.

“We are all in this together, and I’d call on technology companies across the fleet sector to do all they can to help reduce operational costs.”

One leasing company recently warned that increased labour rates, long lead times for new vehicles and pressure on autumn MOT slots risks escalating service, maintenance and repair (SMR) costs. 

Meanwhile, the most recent figures show the economy shrank by 0.6% in June, while the Bank of England warned of recession as consumers started to receive higher energy bills for October.

According to the ONS, the Consumer Prices Index, including owner occupiers' housing costs (CPIH), rose by 8.2% in the 12 months to June 2022, up from 7.9% in May.