Lex Autolease’s funded fleet increased to more than 353,000 vehicles in 2016, a year-on-year rise of 36,000 vehicles, on the back of initiatives in the commercial vehicle sector and personal contract hire (PCH).
At the end of 2016, Lex Autolease’s fleet size was 353,694 vehicles (made up of 255,223 cars and 98,471 light commercial vehicles), while total customer assets grew 18% to £4.5 billion.
The business said that it continues to have high penetration in both the SME and consumer markets, leveraging strong relationships with brokers and manufacturer brand partners.
It has also made ongoing investment in developing its propositions and service offering to corporate customers, such as improved online capability that facilitates the management of large fleets.
Tim Porter, managing director of Lex Autolease, said: “Our primary objective continues to be delivering market leading service and satisfaction for our all customers.
"Whether this is through total fleet solutions for large and complex organisations, increasing support and innovation for start-ups and SMEs, or meeting the needs of consumers wishing to finance their vehicle through personal contract hire, Lex Autolease remains focussed on keeping our customers on the road and supporting Lloyds Banking Group’s aim of helping Britain prosper.”