Fleet News

Fast-fit balance of power moves to car makers

A SPATE of consolidation activity in the fast-growing European fast-fit market is shifting the balance of power towards car makers and changing the shape of service for fleets. Prior to a wave of consolidation in 1999, vehicle manufacturers controlled less than one fifth of fast-fit outlets in Europe.

Now they have almost than one third, with the greatest effect from the purchase of Kwik-Fit by Ford - and the shift in power is likely to continue. The continuing changes will have a fundamental impact on the shape of the market and affect manufacturers' own aftermarket operations. Fast-fit is big business and it is growing fast, with a value of £5.67 billion now which will rise to £7.2 billion in four years.

The UK accounts for 28% of market value, but its European neighbours are catching up fast in the value of their market, with Germany worth 26.3% and France worth 23.1%. Datamonitor, which assesses the market in a new report, European Fast Fit and Autocentres, claims the shift in power towards vehicle manufacturers will undoubtedly increase, with Mercedes-Benz showing interest in the aftermarket and Volkswagen starting from scratch with a new Stop & Go fast-fit business and Fiat acquiring the Midas chain.

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

Comments

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