View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
February 21, 2014updated 12 Apr 2017 3:59pm

Fleet Friday: German Growth electrifying

The weekly roundup of European and UK fleet news. This week the BVRLA, the German fleet market and EV uptake all grow, and Vertivia help with driver fuel efficiency. By Jonathan Minter

By Verdict Staff

The weekly roundup of European and UK fleet news. This week the BVRLA, the German fleet market and EV uptake all grow, and Vertivia help with driver fuel efficiency. By Jonathan Minter

Cassiopae joins BVRLAGlobal finance software provider Cassiopae has joined the British Vehicle Renting and Leasing Association (BVRLA).

The company’s vehicle lease and fleet management tool manages contract hire, contract purchase, lease purchase, finance lease, hire purchase and fleet management contracts as well as complete maintenance histories for each vehicle.

It also provides users with advanced warning of road license renewals, mandatory inspections and vehicle replacement requirements.

Vertivia software enables fuel efficiency survey

Fleet management company Vertivias mileage management software has enabled the Energy Saving Trust to conduct a survey measuring the long term impact of Smart Driver Training.

The Trust has delivered this training for five years, showing drivers how much fuel can be saved by driving more efficiently, for five years, and participants achieve an average of 15% improvement in fuel consumption immediately afterwards. However it’s long term impact is currently unknown.

The survey, which involves two fleets with a combined total of around 500 company cars and vans hopes to change that, and its results will be released in the summer.

Tusker sees surge in EV uptake

Contract hire and salary sacrifice provider Tusker has seen orders for electric vehicles (EV) jump 250% since promoting them to SalarySacrifice4Cars (SS4C) scheme customers over the past three months.

This growth has also been driven by the introduction of the BMW i3, which has accounted for 56% of all Tusker EV orders since November 2013.

The company is also encouraging its own staff to take up the EV cause, and has installed four charging points in the company car park.

David Hosking, chief executive officer of Tusker, said "We expect uptake of EVs on salary sacrifice and contract hire schemes to grow this year as more models come onto the market and awareness continues to grow amongst end-users."

Pendragon Contracts profits fall to £5.4m

Pendragon Contracts, the contract hire and leasing division of Pendragon Plc, saw profits fall to £5.4m (€6.6m) in 2013, down from £6.9m in 2012.

Operating margins also fell, from 37% to 30%. According to Pendragon, the fall in profits and margins was attributable to a greater proportionate reduction in vehicles sold at the end of contract in 2013 compared to 2012, and reflects the low level of new contracts written in 2009/10.

Pendragons fleet size grew 9.2% in 2013, and the company said it expects to continue building its fleet size as business optimism improves.

German Fleet market recovery begins anew

Passenger car registrations grew 8.7% in January 2014, year-on-year, to 86,994, figures released by Data Force have revealed.Commercial vehicle registrations were up 3.9% to 46,455 in the same period.

Data Force suggested that weather may have had a positive effect on these figures, as 2014 has seen much milder conditions in Germany, compared to the same period in 2013.

The company said it expects the upward trend in passenger and light commercial to continue through the year.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Thursday. The leasing industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy


Thank you for subscribing to Leasing Life