Fleet News

Peugeot escapes worst effects

Good housekeeping has spared Peugeot from the worst effects of the economic crisis – and a decision to withdraw one of its models from ‘expensive’ sales channels is helping boost residual values, it was claimed at the Paris Motor Show.

“I decided to pull the 407 range out of so-called tactical fleet business that carried high discounts and cut our daily rental volumes from 21,000 to 13,000 six months ago,” Peugeot UK managing director Pierre Louis Colin told Fleet News.

“We had a high share of national daily rental business last year and were left with a significant number of buy-back vehicles that accelerated the decline in residuals on the 407 and affected our new car sales performance.

“Our contract hire rates became so costly that we couldn’t even compete with the premium brands.

"Now we have fewer used examples on the market, our residuals are improving again.”

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