Weekly fleet news from Europe and the UK including Ryder’s
Euroway purchase, Volvo’s corporate boom and the BVRLA response to
UK business car figures

Ryder expands with Euroway
purchase

Ryder Europe has completed the outright
purchase commercial vehicle contract hire and fleet management
firm, Euroway.

UK-based Euroway’s fleet of 1, 419 vehicles
ranging from 44 tonne tractor units to 3.5 tonne vehicles will be
transferred to Ryder

David Hunt, vice president and managing
director of Ryder Europe, said Euroway will initially be running in
parallel with Ryder.

“Euroway’s innovative approach, range of
services and strong commitment to customer service make the company
a good fit with our own.” said Hunt.

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Justin Lochhead, Euroway’s managing director
will be reassigned to the Ryder team. Lochhead believes Ryder’s
national location network and wide range of vehicle options will be
utilised with Euroway’s existing customers.

“This solid base of contractual blue chip
customers strengthens the combined business position in a range of
key markets where there is strong potential for growth.”

Volvo UK corporate sales up by a
third

Volvo Car UK’s corporate and leasing
registrations (excluding Motability, DDR and internal sales
channel) for the first half of 2012 are up by 32% compared to the
same period of 2011.

The results have led Volvo to predict 70% of
sales of the V40 hatchback in 2012 will be corporate
registrations.

Aiming to capitalise on the swell in business
sales, Volvo has launched a Business Sales Academy to educate
dealers in maintaining corporate custom including aftersales. More
than 300 members of Volvo staff have already completed the
company’s Business Sales Consultant course.

Company car stats show tax effect on
ownership – BVRLA

John Lewis, chief executive of the British
Vehicle Rental and Leasing Association (BVRLA), has said recent
HMRC statistics demonstrate a drop in the popularity of company
cars.

According to the
Company Car Benefit-In-Kind Tax report from HMRC, the number of
company cars on UK roads fell by just over 2% between 2009/10 and
2010/11 to 950,000 vehicles.

However, Lewis responded that “the company car
tax regime is beginning to tax some people out of private use. More
people are deciding not to take a perk car or are only using
company cars for business mileage.” Lewis also pointed to BVRLA
member fleet sizes, fleet registration figures from the Society of
Motor Manufacturers and Traders and to other government forecasts
in demonstrating there has not been a decline in business car
usage.

richard.brown@vrlfinancialnews.com