After two consecutive years of decline, the FN50 has stabilised over the past 12 months with a slight rise in the number of funded cars and vans to 1,663,421 (up by 1,101 units).

Despite the ongoing market turmoil and uncertainty, with the automotive industry lurching from three lockdown crises to the semiconductor shortages, resulting in contract extensions and mileage reductions, the order books at UK business have reopened.

The only thing holding fleets back is a lack of product, with delivery times lengthening to 12 months-plus for many models.

The only thing holding fleets back is a lack of product, with delivery times lengthening to 12 months-plus for many models.