Fleet Leasing

Analysis Features - Page 2

  • Common business sense means that contract hire and leasing companies do not want to make a loss on service, maintenance and repair (SMR) costs so it is vital that they undertake a robust risk assessment and measure and manage the lifecycle of individual vehicle components.

  • True fleet sales in the first quarter of 2013 have remained broadly flat year-on-year, following the trend set during much of last year.

  • In most contract hire companies someone is responsible for obtaining new vehicle data, someone else negotiates discounts with dealers and someone else obtains VRB details and negotiates tactical deals with manufacturers.

  • The long-awaited revised Exposure Draft (ED) on lease accounting was published by the IASB on 16 May 2013 and addresses a number of the problems identified by respondents following the initial Exposure Draft published in 2010.

  • A fleet drive to reduce CO2 emissions is creating opportunities for revenue growth among leasing companies.

  • Value of high quality, well-specced three and four-year-old company cars with less than 50,000 miles on the clock will continue to rise, according to auctioneer Andy Conde.

  • New car sales volumes are the ‘real elephant in the room’ in terms of predicting future residual values, according to Denis Keenan, managing director of automotive data provider KeeResources.

  • Britain’s car market has undergone a total uplift of baseline residual values in the wake of rocketing used car prices prompting possible concerns of buyer resistance.

  • Vehicle contract hire and leasing companies are enjoying a residual value windfall worth hundreds and perhaps thousands of pounds per vehicle as record used car prices makes a mockery of forecasts made in the depths of recession.

  • Lease vehicles are likely to witness increasing mileage as fleet operators emerge from recession.