Fleet Alliance is on track for a fourth successive record year in terms of fleet size, revenue and profitability after seeing a surge in weekly orders in the first five months of 2014.
Fleet Alliance, which now manages and funds more than 14,000 vehicles, says it believes the 47% increase in its weekly order bank is down to better economic conditions, a growing UK fleet market and increased investment in its technology and customer service offering.
The growth in fleet orders has come from both the SME sector where more small companies have been encouraged by improved trading conditions to invest and expand, and from the medium-sized corporate sector where the company has seen a string of new business wins.
Fleet Alliance Managing Director, Martin Brown said: “Off the back of a record year in 2013, we have now seen a very strong start to 2014, with a massive increase in our weekly order take, a new record fleet size and all the indications of another record year in the offing.
“Whilst we have achieved some notable successes in the corporate sector in the past, it is our intention to expand our capabilities in this area and we will be introducing maintenance management on a pay-as-you-go basis for those companies that are looking to reduce their maintenance costs.
“At the same time, however, we are continuing to see strong growth in the leasing market through our current panel of funders, which allows us to offer our clients the very best of both worlds,” he said.