Fleet News

Newcourt renamed before market attack

NEWCOURT Automotive Services has been renamed Associates Fleet Services in preparation for a massive expansion drive which is set to triple its fleet size. AFS plans to expand its UK fleet from 11,000 vehicles to more than 35,000 following its acquisition by Associates First Capital Corporation, the fourth largest fleet leasing company in the US.

The aggressive drive to become one of the UK's top 10 contract hire firms, both through organic expansion and take-overs, was set out by the firm this week. Colin Tourick, who remains managing director, said: 'We have the backing of a huge financial organisation and one that fully understands our market. That understanding will be invaluable when we begin to grow our UK operation and we want a top 10 place among the UK fleet leasing companies. We believe this is something we can achieve quite quickly.'

Hard on the heels of UK expansion will come European growth, as Associates First Capital Corporation has said one of the key factors in the purchase of the UK leasing firm was to provide a springboard for business on the Continent.

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