Fleets continue to drive new car market in March
Fleets continue to drive new car market in MarchApr 04, 2024
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Fleet service providers PurCo Fleet Services and Bynx collaborate to produce vehicle inspection app - PurInspectUK-based Bynx has been producing fleet software for over 30 years, has customers all over the world and manages fleets of all sizes. PurCo Fleet Services Inc. is America's largest independent risk management company, devoted exclusively to loss prevention for vehicle rental companies. The two companies have joined forces to produce “PurInspect” - a vehicle inspection app that covers all vehicle inspection needs on a mobile phone or tablet.
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Alphabet showcases uptick in electrified vehicle adoption in 2023In the face of the challenging economic landscape of 2023, marked by sharp inflation and variable market conditions, Alphabet has reported another year-on-year increase in its vehicle portfolio. Over the last 12 months, this has increased to more than 720,000 vehicles, with new business rising by 16% compared to 2022.
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Fleet service providers PurCo Fleet Services and Bynx collaborate to produce vehicle inspection app - PurInspect
Alphabet showcases uptick in electrified vehicle adoption in 2023
EV market reaches tipping point – but 40% risk being left behind in electric revolution, says Fleet EvolutionThe UK EV market has reached a tipping point where better supply, lower prices and greater access to charging means that market momentum is guaranteed for the next decade. The priority now must be in investing in better resources for the 40% of the nation who cannot charge at home and who risk being left behind in the electric evolution.
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Holman delivers £100 million in SMR savings to fleet customersHolman’s portfolio management approach has delivered £100 million in service, maintenance and repair (SMR) cost savings to its customers across their combined fleet operations in the past year.
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UK risks missing ‘golden’ investment opportunities in new ‘green revolution’The UK risks missing ‘golden’ investment opportunities in the impending green revolution because of decisions by both major political parties to row back on previous spending pledges, according to salary sacrifice and fleet management specialist, Fleet Evolution. Fleet Evolution believe that the recent announcements by both Conservative and Labour parties are heading in the wrong direction at a time when more, not less, green investment is needed.
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Ayvens reaches agreement with Stellantis for up to 500,000 vehiclesGlobal multi-brand and multi-channel car leasing player, Ayvens, has agreed a multi-billion euro agreement with Stellantis to buy up to 500,000 vehicles for its long-term leasing fleet across Europe over the next three years. First significant delivery volumes are expected to begin in the first half of 2024 and continue throughout the year.
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Ogilvie Fleet reports a year of record growthOgilvie Fleet has reported a year of record growth, eclipsing the 20,000 vehicle milestone for the first time. With growth of 9%, the fleet size has reached over 22,000 on-risk vehicles, a figure that rises to 25,000 with the inclusion of fleet managed vehicles. Growth has been entirely organic, and largely fed by referrals from its existing customer base. Ogilvie has maintained its customer retention rate of 98% and now manages the fleets of 700 SMEs.
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BVRLA leasing fleet reaches six-year highVans and business contract hire have helped push the BVRLA leasing fleet to a six-year high, recording 2.2% year-on-year growth to approach levels last seen in Q4 2017. The association’s latest Leasing Outlook Report shows more than 41,000 new vehicles were added to the fleet in the year to the end of Q3 2023.
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Chinese BEV dominance – opportunity or threat?The transition to BEVs comes at an interesting time when there are a lot of moving parts at play in the automotive industry – agency, changes in regulation, new mobility products such as subscription, and the advent of the connected car. Much of the news we consume about electric cars is around how the vehicles perform on the road in real life situations. And the media is consistently negative about range and charging anxiety both in the UK and across Europe.
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TraXall International acquires Fleet Logistics GroupTraXall International has acquired Fleet Logistics Group from its shareholders Volkswagen Financial Services and TÜV SÜD for an undisclosed sum. The combination of the two groups will create Europe’s largest independent mobility and fleet management provider with around 400,000 contracts under management.
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How will the delay on the ban of the manufacture and sale of ICE vehicles affect the UK fleet industry?The average retail price of a battery electric vehicle (EV) in Europe far exceeds the cost of buying an EV in China. The cost of buying an EV in Europe is 146% more expensive than buying the cheapest combustion vehicle in Europe, whilst in China the cheapest electric vehicle is 8% cheaper than the cheapest ICE car. As we can see from these figures, the big overriding issue with BEVs in the UK is the price, both to buy a new EV and run them.
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BVRLA report finds that growth is back on the agenda for 2024The vehicle rental and leasing sector is feeling positive about 2024, according to the latest BVRLA Industry Outlook report, which shows members are predicting growth across virtually all market segments, and feeling more confident about business conditions.
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EV market reaches tipping point – but 40% risk being left behind in electric revolution, says Fleet Evolution
Holman delivers £100 million in SMR savings to fleet customers
Ayvens reaches agreement with Stellantis for up to 500,000 vehicles
Ogilvie Fleet reports a year of record growth
BVRLA leasing fleet reaches six-year high
Chinese BEV dominance – opportunity or threat?
TraXall International acquires Fleet Logistics Group
How will the delay on the ban of the manufacture and sale of ICE vehicles affect the UK fleet industry?
BVRLA report finds that growth is back on the agenda for 2024