A weekly round up of European and UK fleet news: This week the value of the fleets rise again, LeasePlan get new suppliers and fleet management contracts go to Fleet Alliance and ALD. By Jonathan Minter and Mike Cobb.
Fleet values improve 8.1% year-on-year
Fleet and lease values climbed by 8.1% in January to £9,218 (11,061) compared to the same period in 2013, according to figures from British Car Auction’s Pulse report.
This was a rise of £692 and marked an improvement on clean CAP over the month to 97.73%. For the year the CAP performance was static.
Retained values versus the manufacturer’s retail price improved year-on-year, however, up a percentage point to 42.46%.
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Fleet Alliance to manage Mainstay group fleet.
Residential property management company, Mainstay Group has contracted Fleet Alliance to professionalise and automate the management of its fleet of cars and vans.
The property company maintains a fleet of 60 vehicles for its 470-strong workforce. Until the appointment of Fleet Alliance, the company had manually managed the whole of its process.
The fleet will now be managed using Fleet Alliance’s ‘e-fleet’ online system.
Leaseplan changes suppliers for commercial vans
LeasePlan has appointed 27 dealers to supply and convert its commercial vehicle business after a rigorous tendering process.
The dealers will be able to supply LeasePlan and its customers with "the widest possible range commercial vehicles bodies".
Mark Lovett, head of commercial vehicles at LeasePlan, said: "The management and delivery of vans and commercial vehicles can often be complex. By working with professional suppliers that have in-depth knowledge of the latest vehicles, legislation and products available, we will continue to make LeasePlan stand out as leaders in commercial vehicle leasing."
Vans reach record values in January: Manheim
The average value of LCVs in January 2014 rose by 8.5%, month-on-month, to £4,786 according to vehicle remarketer Manheim.
The company warned that the LCV market is exhibiting signs of a two-tier structure, as a lack of three to five year old vans in the market is creating a growing tier of younger vans and a tier of older vans with a gap in the middle.
The value of car derived vans, which accounted for 36% of all van sales, grew 6% to £169, while the average value of small panel vans jumped 11% to £4,646, reflecting a fall in average age from 71 months to 64 months.
Vans over three tonnes experienced the strongest month-on-month growth, up 11.5% to £5,341, again thanks to a fall in average age from 61 months to 55 months.
ALD to supply Imtech fleet management services
ALD Automotive, the UK fleet arm of French bank Société Générale, has secured a four year contract to act as the sole supplier of fleet management services for technical service provider Imtech UK.
The contract was awarded following a competitive tender managed by ERA Fleet Management, who had been appointed by Imtech to review policy, procedures and associated costs of Imtech’s 1,100 vehicle fleet.
ALD will now supply Imtech with a fleet of company vehicles, both cars and vans, along with a number of ancillary support services, such as accident management and ALD’s ‘threesixty’ web portal.
The contract comes just weeks after Leasedrive was awarded the contract for technical service provider for Imtech.