LeasePlan sets 1.5 million vehicle record

LeasePlan Corporation N.V is expanding its fleet a record level of 1.5 million vehicles worldwide. LeasePlan is the first fleet management and driver mobility company in the global leasing industry to reach operations of this scale, a landmark confirming its global market leadership. Across the 32 countries where LeasePlan operates, its worldwide fleet has recently surpassed the 1.5 million mark compared to 1.3 million vehicles in 2010. This is an 8 per cent year on year increase in the number of vehicles under LeasePlan management, which numbered 1.40 million at end-September 2014.

LeasePlan’s local operating companies provide fleet management and mobility services to a wide variety of clients, ranging from large corporations and public-sector entities to small and medium-sized enterprises (SMEs) and individual drivers.

In recent years LeasePlan has increasingly focused on delivering new service offerings for SMEs. As a result, SMEs have become LeasePlan’s fastest-growing client segment, reaching double digit growth, up 11 per cent year on year, fuelling the expansion of the company’s global fleet. Large international clients remain an important segment, served by LeasePlan International. This business has also expanded, with 8 per cent growth year on year. Furthermore, the growth of LeasePlan’s worldwide fleet is also due to its strong corporate client base, which has grown 6 per cent globally compared to the same time last year.

Within the UK, LeasePlan has recorded particularly strong commercial vehicle (CV) performance this year. The company’s funded Commercial Vehicle (CV) fleet has risen to a record high of 47,200 vehicles, which is forecast to rise to almost 50,000 by the end of the year. This now means CVs now represent almost a third of LeasePlan’s total funded fleet in the UK. This growth has been underpinned by steady business development across the LeasePlan, LeasePlan Go, Automotive Leasing and Network brands.

Significant new business wins in 2015 include Volvo Trucks, Interserve and FES FM. As well as these new business wins, LeasePlan UK has also secured additional commercial vehicle provision as a result of strong organic growth from existing clients.

Nick Salkeld, chief commercial officer at LeasePlan, said: “Being the first company in our industry to reach the 1.5 million vehicle landmark confirms once again our global market leadership and underlines the success of our growth strategy. We do not however just want to be market leaders in fleet size – this landmark also confirms the confidence that our customers have in our company and the great team of LeasePlan people in all our countries who deliver our services worldwide. We want to continue to be market leaders in all that we do: in customer service, in product innovation and in the driver mobility solutions we offer. And we are not complacent. We will continue with our drive for growth, for customer service excellence and our commitment to lead the market in making the lives of our customers easier.”