Car and van fleets add £19.5 billion to the UK economy each year, according to market research firm Sewells, which released the figure during an industry briefing at a recent Fleet200 quarterly meeting.

The figure is based on an average annual running cost of between £4500 and £6500 per vehicle and a fleet car parc, which is said to be roughly 3 million units in total. Therefore the parc is said to add £19.5 billion annually. Based on commonly held long term averages that suggest cars require one new tyre per car per year, this could also suggest that the fleet parc consumes 3 million tyres a year or a bit under 10 per cent of total annual tyre demand.