Fleet News

Leasing analysis and insight Features - Page 4

 
  • Buyers are continuing to pay close to top dollar for de-fleeted top quality company cars, but experts are warning of a tightening market with investment in pre-sale repairs paying dividends.

  • Longer service intervals and a trend for motor manufacturers to move the requirement for ‘expensive’ parts replacement - such as cambelts - beyond 60,000 miles has contributed to a decade long changes in the breakdown of service maintenance and repair (SMR) costs.

  • 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.

  • Leasing companies place more than a quarter of their SMR business with independent companies rather than franchised dealers, new research has shown.

  • 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.

  • Business confidence is rising among leasing companies as profitability improves and growth expectations increase in response to stronger fleet customer demand.

  • Leasing companies have praised manufacturers for their efforts to improve relationships with the industry in the past year – and they have set out four priority areas to improve levels of support still further in future.

  • Nearly a quarter of fleets say they are currently reviewing their fuel card supplier, according to the Fleet Barometer.