Fleet News

Geneva Motor Show: Hyundai cautious

SPECIAL programmes to cater for contract hire, taxi and driving school operators have been launched by Hyundai – but the company's fleet business is still unlikely to reach more than 2,000 sales this year.

'After returning to the fleet sector only recently, we are taking a very cautious approach. Most of the 1,500 cars we sold last year were rental units, so we need to control the situation when they come back,' said managing director David Walker.

During a visit to the show, Walker said: 'Our plan is to grow this part of our business each year, but we don't want to reach the point where we're over-dependent on the rental sector. Our residual value performance is starting to improve, with the new Getz supermini model achieving our best rating so far, but we still need to make further progress.'

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