Huge boost to eco-friendly vehicles as pandemic fuels uptake, says Arval Mobility Observatory

Interest in eco-friendly vehicles including hybrids, battery electric vehicles and plug-in hybrids has surged ahead among UK SMEs according to the latest research from the Arval Mobility Observatory. For example, so far in 2020, 37% of companies with fewer than 100 employees either already had battery electric vehicles, or plan to adopt them within the next three years compared with just 23% in 2019. Shaun Sadlier (pictured above), head of Arval Mobility Observatory in the UK, explained: “These results show that UK SMEs are now even more motivated to adopt electric vehicles, plug-in hybrids and hybrids than they were just 12 months ago.

Huge boost to eco-friendly vehicles as pandemic fuels uptake, says Arval Mobility Observatory

Sep 21, 2020

Interest in eco-friendly vehicles including hybrids, battery electric vehicles and plug-in hybrids has surged ahead among UK SMEs according to the latest research from the Arval Mobility Observatory. For example, so far in 2020, 37% of companies with fewer than 100 employees either already had battery electric vehicles, or plan to adopt them within the next three years compared with just 23% in 2019. Shaun Sadlier (pictured above), head of Arval Mobility Observatory in the UK, explained: “These results show that UK SMEs are now even more motivated to adopt electric vehicles, plug-in hybrids and hybrids than they were just 12 months ago.

Fleet industry divided over ‘pushing on’ or ‘digging in’, says FleetCheck’s Peter Golding

As the pandemic loosens its grip the fleet sector appears divided in two schools of thought; whether to continue with strategies such as electrification and adoption of mobility solutions, or to dig in and make the most of existing resources, says FleetCheck. According to the company, while the pandemic has certainly proved a challenge for all businesses, it has succeeded in creating time for fleets to consider ideas that might once have been considered too radical to be practical. Peter Golding (pictured above), managing director of FleetCheck, explained: “There appears to be a split on whether to advance or consolidate. Some fleets are very much doubling down on their strategies for the future, especially around electrification, with some businesses looking to accelerate adoption, and push forward in areas such as EV-based salary sacrifice and handling increased amounts of grey fleet activity.

Fleet industry divided over ‘pushing on’ or ‘digging in’, says FleetCheck’s Peter Golding

Sep 18, 2020

As the pandemic loosens its grip the fleet sector appears divided in two schools of thought; whether to continue with strategies such as electrification and adoption of mobility solutions, or to dig in and make the most of existing resources, says FleetCheck. According to the company, while the pandemic has certainly proved a challenge for all businesses, it has succeeded in creating time for fleets to consider ideas that might once have been considered too radical to be practical. Peter Golding (pictured above), managing director of FleetCheck, explained: “There appears to be a split on whether to advance or consolidate. Some fleets are very much doubling down on their strategies for the future, especially around electrification, with some businesses looking to accelerate adoption, and push forward in areas such as EV-based salary sacrifice and handling increased amounts of grey fleet activity.

SMEs set to benefit from pay-as-you-go car and van financing from Leasys

Personal and business contract hire service provider Leasys, has unveiled a pay-as-you-go leasing deal for cars and vans aimed at owner-operators trading in the ‘new normal’. Many SMEs across the UK and Europe find running a fleet of cars and vans is a core operational necessity, and in an attempt to ease the process and make vehicles more practical and competitive, Leasys created the new product inspired by the multitude of financing options for everyday items like mobile phones. The scheme has been named Leasys Miles and according to the company, after making an initial payment and then paying monthly, the balance of the lease is charge by the mile, meaning that the less a customer drives, the less they pay.

SMEs set to benefit from pay-as-you-go car and van financing from Leasys

Sep 14, 2020

Personal and business contract hire service provider Leasys, has unveiled a pay-as-you-go leasing deal for cars and vans aimed at owner-operators trading in the ‘new normal’. Many SMEs across the UK and Europe find running a fleet of cars and vans is a core operational necessity, and in an attempt to ease the process and make vehicles more practical and competitive, Leasys created the new product inspired by the multitude of financing options for everyday items like mobile phones. The scheme has been named Leasys Miles and according to the company, after making an initial payment and then paying monthly, the balance of the lease is charge by the mile, meaning that the less a customer drives, the less they pay.

Europe

31% of UK SMEs turn to contract hire to fund company vehicles, says Arval Mobility Observatory

Sep 03, 2020

Some 31% of UK SMEs plan to implement or use more contract hire in the next three years compared to 8% when asked in 2019, says the Arval Mobility Observatory. Defined as companies with 10-99 employees, the SMEs are increasingly turning to leasing as a means of funding company cars and vans and are also turning to leasing companies for advice in increasing numbers. Shaun Sadlier (pictured), head of the Arval Mobility Observatory in the UK, explained: “The responses from SMEs indicate a massive increase of the propensity, year-on-year, to use operational leasing. The use of this kind of leasing has been gradually increasing across the market for a long time, certainly during the 20 years or more I have been involved, but here we see signs of a potential leap rather than further incremental movement.”

Americas

PACCAR Financial Services reports record revenues

Feb 06, 2020

Assets at PACCAR Financial Services reached a record $16.07 billion last year as its portfolio grew to 208,000 trucks and trailers. The results include PacLease, a major full-service truck leasing company in North America and Europe, which has a fleet of more than 40,000 vehicles. PFS revenues were a record $1.48 billion in 2019 compared to $1.36 billion in 2018. Last year’s pre-tax profits were $298.9 million.

Asia Pacific

SG Fleet widens service offering in Australia through strategic investment in car subscription provider Collaborate

Dec 16, 2019

Vehicle leasing company SG Fleet has bought a stake in Australian mobility specialist Collaborate Corporation for $2.2 million to widen its service offering. Collaborate’s core businesses are its car subscription service ‘Carly’ and a range of peer-to-peer vehicle rental offerings. With Carly, users pay a monthly subscription fee to access any vehicle from the entire fleet available.