Manheim: Fleet sector values slide
The average ex-fleet car sold for £7,045 in October 2014, according to Manheim’s market analysis. This was down £679, or 8.8%, on the number recorded in October 2013.
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The average ex-fleet car was also on average five months older, at 54 months, and with 12.8% more miles on the clock, at 62,663 miles, in October 2014 than the same month in 2013.
Darren Wiseman, valuation services manager at Manheim, said: "While these figures do highlight a downward trend in fleet sector values across 2014, the numbers are in line with the age and quality of the vehicles being offered as well as the wider market conditions. In addition, record registrations in the new car sector have led to an influx in part-exchange vehicles from the retail sector, which has delivered increased competition for ex-fleet stock in the wholesale markets."
""It is clear that the market may need to realign expectations over the coming months; however, values are still performing much higher than in both 2011 and 2012."
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By GlobalDataBMWs fleet services provider Alphabet has provided London’s Royal parks with 19 vehicles, including two fully electric Nissan Leafs.
The other 17 vehicles provided were made of Citroens, Fords, Land Rovers, Vauxhalls and Fords, and included a range of estates, vans, pick-up trucks and 4x4s.
Alphabet won the award following a four-way tender process, and Royal Parks leased the vehicles on a five-year, maintenance inclusive contract.
Aside from the two Leafs leased to Royal Parks, Alphabet says it has supplied over 60 electric vehicles to customers in London in the past six months.
Growth in e-procurement for Ebbon-Dacs
Ebbon-Dacs, the European e-procurement provider for leasing and fleet management company, saw the number of new cars and commercial vehicles ordered though its platform, Leaselink, grow 42% between 1 september 2013 to the end of august 2014.
As a result, Ebbon-Dacs predicted over 150,000 vehicles will be sourced, ordered and delivered through the system, with the company said was being upgraded to its second generation.
Ebbon-Dacs said the increase was due to a number of new fleet customers and an increasing number of companies turning towards e-procurement sue to advances in technology.
Ebbon-Dacs has also seen a 48% rise in the number of vehicles going through its electronic vehicle delivery and collection service, MoDel, for which the company is piloting an android version.
Chevin: driver standards can cause 25% difference in fleet price
The impact of a good or a bad driver can affect prices by up to 25%, according to Chevin Fleet Solutions.
According to Chevin, who analysed figures from its customers to reach these conclusions, the best drivers are able to reduce costs by 12% below average, while the worst driver can increase costs by as much as 13%.
David Glagging, sales director, said: "Generally, fleet managers recognise that less responsible drivers will have higher fuel consumption and cause more wear and tear to their vehicle, resulting in higher SMR costs.
"However, there is also a pretty strong correlation between that kind of driver behaviour and increased accident rates, as well as a general level of carelessness about the vehicle that can impact on residual values."
FIAG looks at telematics
Embracing telematics could improve operating efficiencies, reduce costs, increase compliance and ultimately improve customer service, according to a white paper published by The Fleet Industry Advisory group (FIAG).
The paper included case studies of four business that introduced telematics to their fleet operations.
According to the paper, Autoglass has seen a 9% reduction in the fuel bill of its 1,400 vehicle fleet since it started introducing telematics.
The paper concluded that if the benefits of telematics are explained to employees it would not need to be viewed as a black box installation, or a "spy in the cab."
