Leaseplan CEO hails ‘solid’ result despite 27.1% drop in 2020

Leaseplan reported a 27.1% drop in its underlying net result for 2020, which CEO Tex Gunning described as “solid… despite exceptionally challenging circumstances”. Full-year results for Europe’s largest vehicle leasing and fleet management company showed a final underlying net result of €405.7m, down from €556.5m in 2019. Its net result fell by 37.3% from €403m to €252.5m and underlying return on equity from 15.2% to 10.3%.

Leaseplan CEO hails ‘solid’ result despite 27.1% drop in 2020

Feb 26, 2021

Leaseplan reported a 27.1% drop in its underlying net result for 2020, which CEO Tex Gunning described as “solid… despite exceptionally challenging circumstances”. Full-year results for Europe’s largest vehicle leasing and fleet management company showed a final underlying net result of €405.7m, down from €556.5m in 2019. Its net result fell by 37.3% from €403m to €252.5m and underlying return on equity from 15.2% to 10.3%.

60% of Fleet Alliance’s company car orders to be electric by 2022

UK-based fleet solutions provider, Fleet Alliance, has achieved a 214% surge in orders for electric vehicles (EVs) in the last 12 months as companies seek to capitalize on lower tax rates and boost their green credentials. Currently managing a fleet of more than 37,000 vehicles, the company noted that since the start of 2018, there has been a rise in EV orders of more than 5,000%. Despite the pandemic-related restrictions, 2020 was a record year for EV sales at a national level, with one in eight orders were for EVs in 2020, up from around one in 505 in 2019.

60% of Fleet Alliance’s company car orders to be electric by 2022

Feb 17, 2021

UK-based fleet solutions provider, Fleet Alliance, has achieved a 214% surge in orders for electric vehicles (EVs) in the last 12 months as companies seek to capitalize on lower tax rates and boost their green credentials. Currently managing a fleet of more than 37,000 vehicles, the company noted that since the start of 2018, there has been a rise in EV orders of more than 5,000%. Despite the pandemic-related restrictions, 2020 was a record year for EV sales at a national level, with one in eight orders were for EVs in 2020, up from around one in 505 in 2019.

Zero BiK for EVs is key for future of commercial vehicle market, says AFP as Ford unveils plans for electric LCVs

The low level of taxation has been key in the surging demand of electric vehicles (EVs) in the past year, and according to Paul Hollick (pictured above), chair of the Association of Fleet Professionals (AFP), something similar needs to happen in the light commercial vehicle (LCV) sector. Hollick said: “We’ve seen how the 0% tax rate has been decisive when it comes to driving company car driver interest in the EV market, and as it has become more widely known, demand for EVs has increased exponentially.”

Zero BiK for EVs is key for future of commercial vehicle market, says AFP as Ford unveils plans for electric LCVs

Feb 16, 2021

The low level of taxation has been key in the surging demand of electric vehicles (EVs) in the past year, and according to Paul Hollick (pictured above), chair of the Association of Fleet Professionals (AFP), something similar needs to happen in the light commercial vehicle (LCV) sector. Hollick said: “We’ve seen how the 0% tax rate has been decisive when it comes to driving company car driver interest in the EV market, and as it has become more widely known, demand for EVs has increased exponentially.”

Europe

MJB’s PAVE pre-inspect system prepares for leasing de-fleet surge

Feb 12, 2021

Marcus Blakemore, founder and CEO of MJB Automotive Solutions (MJB) predicts that with the volume of lease extensions coming to an end, voluntary terminations and repossessions are expected to substantially increase as lockdown eases. He warns that fleet and remarketing decision-makers need to prepare “for the reality that completing vehicle repairs before resale may not be achievable”. According to MJB if the support chain has not returned to 100% operational - and onsite smart repairs are not feasible - then fleets remarketing their vehicles could see significant losses.

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.