Fleet leasing leaders discuss future transition to electric vehicles at IAFN Online event

Two of the UK’s most experienced leasing industry executives will give their insights into the industry’s transition to electric vehicles at a major online seminar. Miguel Cabaca, managing director of Arval UK and Ian Tilbrook, former fleet director of Volkswagen Financial Services, will give their expert opinion on the impact of new plans announced by UK Prime Minister Boris Johnson to ban the sale of new petrol and diesel powered cars and vans by 2030. They will be joined by Toby Poston, director of corporate affairs at the British Vehicle Rental and Leasing Association for the event, which will be hosted by IAFN co-founders Edward Peck and Brian Rogerson, along with industry expert David Betteley.

Fleet leasing leaders discuss future transition to electric vehicles at IAFN Online event

Nov 23, 2020

Two of the UK’s most experienced leasing industry executives will give their insights into the industry’s transition to electric vehicles at a major online seminar. Miguel Cabaca, managing director of Arval UK and Ian Tilbrook, former fleet director of Volkswagen Financial Services, will give their expert opinion on the impact of new plans announced by UK Prime Minister Boris Johnson to ban the sale of new petrol and diesel powered cars and vans by 2030. They will be joined by Toby Poston, director of corporate affairs at the British Vehicle Rental and Leasing Association for the event, which will be hosted by IAFN co-founders Edward Peck and Brian Rogerson, along with industry expert David Betteley.

Flexible mobility prime concern for consumers and corporates, says Thrifty as fleet product grows 50%

The benefit to business in complete fleet flexibility cannot be overstated as private and business customers require more adaptability in the UK’s fast-changing economic climate, says Thrifty Car & Van Rental. As proof of this statement, Thrifty revealed a 50% increase year-on-year in the number of rentals made via its flexible private and corporate rental service, FlexiFleet, since the first lockdown period was eased.

Flexible mobility prime concern for consumers and corporates, says Thrifty as fleet product grows 50%

Nov 16, 2020

The benefit to business in complete fleet flexibility cannot be overstated as private and business customers require more adaptability in the UK’s fast-changing economic climate, says Thrifty Car & Van Rental. As proof of this statement, Thrifty revealed a 50% increase year-on-year in the number of rentals made via its flexible private and corporate rental service, FlexiFleet, since the first lockdown period was eased.

ALD reveals net income down to £126 million in Q3 2020 results

ALD Automotive, a full-service lease and fleet management company, has released its results for Q3 2020, revealing a 3.7% decrease in net income compared to the same period in 2019. The company revealed that its total fleet had reached some 1.76 million vehicles at the end of Q3 2020, up 1.6% compared to Q3 2019. Out of the 1.76 million vehicles, ALD funded 1.37 million (up 0.3% over Q3 2019) with the remaining 390,000 vehicles consisting purely of fleet management business. Organic fleet growth, adjusted for the impact of the disposal of ALD Fortune Auto Leasing & Rental in China, stood at 1.7% at Q3 2020.

ALD reveals net income down to £126 million in Q3 2020 results

Nov 13, 2020

ALD Automotive, a full-service lease and fleet management company, has released its results for Q3 2020, revealing a 3.7% decrease in net income compared to the same period in 2019. The company revealed that its total fleet had reached some 1.76 million vehicles at the end of Q3 2020, up 1.6% compared to Q3 2019. Out of the 1.76 million vehicles, ALD funded 1.37 million (up 0.3% over Q3 2019) with the remaining 390,000 vehicles consisting purely of fleet management business. Organic fleet growth, adjusted for the impact of the disposal of ALD Fortune Auto Leasing & Rental in China, stood at 1.7% at Q3 2020.

Europe

Strong remarketing performance for ALD as used car revenues improve

Nov 06, 2020

Revenues from used car sales have risen at leasing giant ALD amid a surge in demand from consumers. The company’s sales margin on used vehicles for Q3 2020 was €333 per unit, compared to a nine-month average of €84 for the whole of the year to date. The rise in margins was also attributed to efficiencies driven by its digital remarketing platforms.

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.