Leasing strategy

Move helps affordability and reflects decline in annual mileages, research from the latest FN50 report has found.

FN50 research finds both the average fair wear and tear charge and the average proportion of cars which attracted the fees have fallen over the past 12 months.

The technology offers widespread possibilities to improve fleet efficiencies but that comes with some caveats, say leasing companies.

FN50 leasing bosses believe the growing complexity of technology, electrification, data management and regulatory compliance needs skilled fleet leaders.

Few carrots have proved as successful as the highly supportive BIK tax regime in its goal of luring company car drivers to convert to zero-emission vehicles.

Broker-derived vehicles in the FN50 represent more than £12 billion in new vehicle sales.

Nearly 90% of van fleets are choosing operating lease as their preferred funding method, FN50 research has found.

FN50 research finds market share of contract hire down, but it easily remains most popular funding method.

The list of challenges facing fleet decision-makers over the next 12 months is as extensive as it was a year ago, leasing companies tell the latest FN50 report.

Influx of cheap EVs could stall if UK follows example of European Union and United States.

Leasing companies expect hike in national insurance and prevailing mood of tax rises to negatively impact vehicle orders next year.

Pre-tax profits for the FN50 have fallen by almost a third year-on-year after hitting £2 billion for the first time last year.

Cars and vans both up year-on-year as FN50 tops 1.8 million vehicles for the first time reveals the 2024 insight report

Ayvens has officially launched in the UK following the acquisition of LeasePlan by ALD Automotive.

Changing factors mean it is important to weigh up the pros and cons of each method regularly to ensure you choose the right path for both your employer and its employees.

Keeping vehicles for the right amount of time can help with costs, operational efficiencies and decarbonisation strategies. Here’s what you need to consider.

Fleet News unveils the 2023 FN50 at a sold-out dinner in London.

Caroline Gallagher, sales director at Thrifty Car and Van Rental, has been inducted into the Fleet News Hall of Fame.

Europe’s top vehicle leasing companies have been accused of failing to deliver on the green agenda by environmental lobby group Transport and Environment (T&E).

Three into one is the magic formula at SG Fleet, the 2023 Fleet News Awards leasing company of the year.

After a relatively stable few years, the UK leasing sector was stung into action in 2022 with the Leasys/Free2Move unification one of a raft of significant mergers.

The modern fleet decision-maker has an expanding range of responsibilities, as advances in technology and an ever-widening range of products and services add complexity.

Novuna Vehicle Solutions has said fleets’ ambitions to transition to zero emissions vehicles has helped drive profits at its Mitsubishi HC Capital UK parent company.

Stirling Ackroyd has changed the way it is financing its 120-strong company car fleet to avoid early termination charges.

UK Carline has announced it has acquired Vertu Lease Cars for an undisclosed sum.

The UK’s leasing fleet has surpassed pre-pandemic volumes thanks to an uplift in demand for EVs, according to the BVRLA.

Volvo has signed direct sales agreements with 23 of the FN50’s top 25 leasing companies and is now working on a solution for brokers ahead of a full switch to the direct model inJune.

Lookers has bought fleet and leasing business Fourways Vehicle Solutions for an undisclosed sum to expand its footprint in the corporate sector.

The Chancellor is being urged to introduce new tax relief for small and medium-sized enterprises (SMEs) renting and leasing vehicles, ahead of the Budget.

Saul Furse, managing director of Vehicle Solutions at Radius, lends his thoughts on whether fleets should buy, lease or hire their vehicles.

ALD is currently finalising its integration plan for LeasePlan and will begin rolling it out as soon as the acquisition closes.

A significant minority of drivers believe short-term car leases are more beneficial, because of the financial flexibility offered, research from Sogo suggests.

Arval expanded its global leased fleet by 8.3%, including acquisitions, to more than 1.5 million vehicles, last year.

Vehicle leasing company Carparison have opened a new business hub in the Southwest.

Onto has secured £100 million of funding to continue expanding its UK fleet with new electric cars.

Latest leasing report also reveals the BVRLA doesn't expect vehicle supply to return to pre-pandemic levels until 2024.

The number of SME fleet customers grew by 92.4% at Sogo in the past 12 months, due to businesses seeking greater flexibility, it says.

Bonnet has partnered with MFG EV Power, while Moove partners with Paua to launch an end-to-end charging experience and EV charging network app solution.

EV charging firm EO Charging has launched a new multi-source financing platform - MOBILITe - to help car, van, truck and bus fleets electrify operations.

Renault Group’s Mobilize Financial Services has launched Lease&Co, a new leasing subsidiary that will specialise in flexible, use-based contracts.