Fleet and finance companies are increasingly concluding pan-European deals as the vision of a single European fleet marketplace becomes a reality.
Automotive data provider, EurotaxGlass’s, reported that 2007 was its best-ever year for sales to fleet and finance businesses.
The company saw a 15% growth in the segment last year - largely as a consequence of business from pan-European deals.
Such deals rely heavily on accurate vehicle information relating to current and forecasted residual values throughout Europe.
Contract hire and leasing businesses looking to introduce or improve centralised reporting on the financial risk attached to very large fleets spread across multiple markets have driven much of the growth.