Fleet News

Big three predict 1997 fleet market close to a million

FORD and Rover forecast that the fleet market will reach 990,000 units next year up from an estimated 950,000 units this year, 912,629 in 1995 and 851,389 in 1994 - all annual records. Vauxhall was a little more cautious predicting a 'small rise' in the total new car market with some of that increase coming in the fleet sector.

However, predictions could be scuppered if the Government's long-awaited consultation document on proposals to change the annual August 1 registration system is published. It was widely believed that the document, which had been predicted to be published in September but was subsequently delayed, would not be published before next year's general election.

Also, the 'big three' have all dramatically cut supplies to the rental companies this year and while Vauxhall said it would keep 1997 supplies at 1996 levels Ford said it would continue its policy of reducing supplies to rental companies following a 28,000-vehicle cutback this year. Vauxhall rental volumes this year are 30% down on 1995 levels.

All three companies based their fleet projections on the industry definition of 'fleet sales' - cars bought by companies operating 25-plus vehicles. However, it is widely believed that around 75% of all new cars are bought with company money.

Leave a comment for your chance to win £20 of John Lewis vouchers.

Every issue of Fleet News the editor picks his favourite comment from the past two weeks – get involved for your chance to appear in print and win!

Login to comment


No comments have been made yet.

Compare costs of your company cars

Looking to acquire new vehicles? Check how much they'll cost to run with our Car Running Cost calculator.

What is your BIK car tax liability?

The Fleet News car tax calculator lets you work out tax costs for both employer and employee