Arval has reported strong growth in its leased fleet of 8.7 per
cent in 2007, against the background of a total fleet leasing
market that grew by only 1.7 per cent.
Arval currently leases some 538,000 vehicles, with a managed
fleet of another 90,000, meaning it operates 628,000 vehicles
overall and is the second-largest European fleet lessor. The size
of its managed fleet fell by 22 per cent over the period, following
a change of strategy, and due to the transfer of many management
contracts to long-term rental, Arval said.
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Its fleet in Portugal expanded by 21 per cent, in Spain by 14
per cent, in Italy by 9 per cent, and in Benelux by 8.5 per cent.
The performance of its newly-launched Greek and Indian subsidiaries
was described as “promising”, with Brazil’s and Russia’s
subsidiaries’ performances “satisfactory”. In addition, Arval’s
businesses in Turkey and Romania are now operational, it
reported.
Motor Finance Issue: 42 – April 08
Published for the web: April 23 08 12:28
Last Updated: April 24 08 15:19
