Leasing strategy

Leasing companies expect hike in national insurance and prevailing mood of tax rises to negatively impact vehicle orders next year.

Pre-tax profits for the FN50 have fallen by almost a third year-on-year after hitting £2 billion for the first time last year.

Cars and vans both up year-on-year as FN50 tops 1.8 million vehicles for the first time reveals the 2024 insight report

Ayvens has officially launched in the UK following the acquisition of LeasePlan by ALD Automotive.

Fleet News unveils the 2023 FN50 at a sold-out dinner in London.

Caroline Gallagher, sales director at Thrifty Car and Van Rental, has been inducted into the Fleet News Hall of Fame.

Europe’s top vehicle leasing companies have been accused of failing to deliver on the green agenda by environmental lobby group Transport and Environment (T&E).

The modern fleet decision-maker has an expanding range of responsibilities, as advances in technology and an ever-widening range of products and services add complexity.

Novuna Vehicle Solutions has said fleets’ ambitions to transition to zero emissions vehicles has helped drive profits at its Mitsubishi HC Capital UK parent company.

Stirling Ackroyd has changed the way it is financing its 120-strong company car fleet to avoid early termination charges.

UK Carline has announced it has acquired Vertu Lease Cars for an undisclosed sum.

The UK’s leasing fleet has surpassed pre-pandemic volumes thanks to an uplift in demand for EVs, according to the BVRLA.

Volvo has signed direct sales agreements with 23 of the FN50’s top 25 leasing companies and is now working on a solution for brokers ahead of a full switch to the direct model inJune.

Lookers has bought fleet and leasing business Fourways Vehicle Solutions for an undisclosed sum to expand its footprint in the corporate sector.

The Chancellor is being urged to introduce new tax relief for small and medium-sized enterprises (SMEs) renting and leasing vehicles, ahead of the Budget.

Saul Furse, managing director of Vehicle Solutions at Radius, lends his thoughts on whether fleets should buy, lease or hire their vehicles.

ALD is currently finalising its integration plan for LeasePlan and will begin rolling it out as soon as the acquisition closes.

A significant minority of drivers believe short-term car leases are more beneficial, because of the financial flexibility offered, research from Sogo suggests.

Arval expanded its global leased fleet by 8.3%, including acquisitions, to more than 1.5 million vehicles, last year.

Vehicle leasing company Carparison have opened a new business hub in the Southwest.

Onto has secured £100 million of funding to continue expanding its UK fleet with new electric cars.

Latest leasing report also reveals the BVRLA doesn't expect vehicle supply to return to pre-pandemic levels until 2024.

The number of SME fleet customers grew by 92.4% at Sogo in the past 12 months, due to businesses seeking greater flexibility, it says.

Bonnet has partnered with MFG EV Power, while Moove partners with Paua to launch an end-to-end charging experience and EV charging network app solution.

EV charging firm EO Charging has launched a new multi-source financing platform - MOBILITe - to help car, van, truck and bus fleets electrify operations.

Renault Group’s Mobilize Financial Services has launched Lease&Co, a new leasing subsidiary that will specialise in flexible, use-based contracts.

ALD Automotive has moved a step closer to acquiring LeasePlan after successfully raising €1.2 billion (£1bn) from issuing more than 160 million new shares.

Pricing is a major concern for leasing companies, with both acquisition costs and borrowing rates rising between order and delivery, according to the BVRLA.

Green mobility company Sogo is gearing up with growth with a new office campus on the Cranfield Technology Park in Bedfordshire.

A third of fleet managers say they are frustrated that other departments within their business get a bigger say in the insurance decision making process than them.

Fleet Alliance is supporting 10 local apprentices through a number of community initiatives via the Glasgow-based youth project, G20 Works.

Higher Bank of England interest rates are leading to an increase in company car and van lease costs, according to the Association of Fleet Professionals (AFP).

Analysis and insight into the UK's contract hire and leasing industry.

Alphabet has entered the Finnish market, adding Secto Automotive to its global partnership network.

There are only two weeks to go until the FN50 dinner and a limited number of spaces are still available for those that wish to attend.

Ogilvie Fleet has extended its SMR contract with Fleet Assist, as it enters the seventh year of working with the firm.

Pendragon PLC, the parent company of Pendragon Vehicle Management, is considering a £400m takeover bid from its largest shareholder.

Lex Autolease and Black Horse has provided £1bn worth of new funding for electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs) this year.

Zenith has delivered record turnover of £589m, up 20% on the £491m achieved during the previous year, and its best-ever adjusted EBITDA of £78.2m, up 27%

Liverpool Victoria (LV) has launched a one-stop shop leasing platform for electric vehicles (EVs).