Leasing strategy - Page 2

Sogo Mobility is calling for fleet managers to consider increasing their use of flexible leasing as the economy faces significant challenges.

The demand for Battery Electric Vehicles (BEVs) increased by 72% in the second quarter of this year, reports Leasing.com.

Speedy is investing in more than 100 early careers trainees across the UK and MiX Telematics partners with Humn, the commercial motor insurance company.

Days Fleet has extended its contract with Fleet Assist, for the provision of SMR services, until 2026.

The company increased revenues from an 8% expansion in its contract hire fleet, with the addition of more than 6,000 vehicles to its operating fleet.

Pure Leasing has chosen Jaama’s Key2 asset management system to power its new contract hire and leasing business.

Automotive services business Holman and FATEC Group have entered a new partnership to support fleet operators globally.

The development of multi-cycle leasing requires flexible software capable of managing subsequent leases of the same asset, says Sofico.

Middlesex County Cricket Club has entered a new partnership with Sogo Mobility to provide its players with cars via flexible leasing.

Five individuals have been recognised for their contributions to the industry at the latest British Vehicle Rental and Leasing Association (BVRLA) annual dinner.

Lookers is integrating Lookers Leasing, Fleet Financial and Vehicle Rental Services (VRS) to better target corporate customers.

Vehicle management and maintenance provider Autoserve has partnered with MotorLease to offer its brokers access to guaranteed maintenance packages through a new all-in-one platform.

Leasing a battery electric vehicle (BEV) is cheaper than funding a new vehicle on personal contract purchase (PCP), new research suggests.

Alphabet says that demand for sustainable, alternative fleets continued to increase in 2021, with its plug-in portfolio expanding to 46,000 vehicles.

UK Carline Vehicle Leasing has selected Drive Software Solutions and its ODO software platform as the SaaS dashboard solution for its fleet of vehicles.

Automotive Management (AM), sister-brand of Fleet News, is seeking entrants for its Leasing Operation of the Year Award - a new category in the 2022 AM Awards.

Arval has reported growth both in global and UK markets, with its leased UK vehicle fleet up by 3.6% and its global leased fleet increasing by 6.4%.

Leasing Options is the latest member to join the BVRLA Leasing Broker Committee.

Fleet leasing is an important growth area as core retail banking operations face margin pressure from low interest rates, according to Fitch Ratings.

Fleet Alliance’s order books finished last year with a record number of electric and plug-in hybrid cars.

Leasing Options has announced a new partnership with providers of electric vehicle (EV) charging, Pod Point.

Demand for electric vehicles from company car drivers is helping the leasing sector return to growth following the initial impact of the pandemic.

Sogo has marked its first anniversary with record growth in December 2021, signing 1,200 new contracts with electric vehicles accounting for 30% of orders.

Leasing companies are turning to epyx and other third-party software suppliers to power new all-round mobility services.

Zenith has revealed that battery electric vehicles (BEVs) account for 17% of its car fleet and 79% of current orders within salary sacrifice.

ALD has agreed to buy LeasePlan for €4.9 billion (£4.1bn), with the new leasing powerhouse to be called NewALD.

Fleet operators are being urged to allocate time for forward planning this year, as vehicle orders, rental and SMR needs are likely to be affected by parts shortages, according to Arval.

Charities in Yorkshire received a boost when leasing company Zenith cancelled its Christmas party and took the opportunity to fundraise.

The leasing industry has grown in the last five years, with private ownership falling in Europe from 53% of total market in 2013, down to 42% in 2021.

The fleet sector is moving from a manufacturer-enforced push market focused on major discounts and low prices to a demand-led pull market as supply shortages enable carmakers to press the reset button on the sales strategies.

Innovation in the sector was highlighted at the annual Leasing Broker Federation Awards, despite the impact of Covid and supply issues.

Arval UK won the award for the important work it carries out to improve the physical and mental wellbeing of its staff.

The total BVRLA fleet is forecast to grow 3% by Q2 2022, according to the organisation’s latest Leasing Outlook Report.

DriveElectric is expanding its electric vehicle (EV) leasing offer through a partnership with Sumitomo Corporation.

Mobility provider Sogo is supporting its growth plans with a move to new headquarters in Milton Keynes.

The owners of ALD Automotive, French bank Societe Generale, are holding talks with LeasePlan about a possible merger to create a leasing and mobility powerhouse.

Alphabet has refreshed its branding with a redesigned logo and corporate identity, to reflect the new strategic focus of the company.

Zenith delivered EBITDA of £61.5m in its corporate fleet business, up £3.2m on the previous year, according to its annual financial results up to Match 31.

The important work carried out by fleets, manufacturers and suppliers to improve the physical and mental wellbeing of their staff will be highlighted by a new award at this year’s FN50 dinner.

Personalised and flexible customer service remains critical, says new MD Greg McDowell.