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.
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.