View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. Uncategorized
July 15, 2010updated 12 Apr 2017 4:21pm

ALD Automotive short-term leasing business boom

The operational leasing and fleet management business line of the Socit Gnrale group said that its PoolFleet service the companys short-term, flexible leasing product has increased from 650-700 live car rentals at any time last year to more than 900 vehicles in the first half of 2010. PoolFleet operations manager Adrian Temple commented: Corporate demand for vehicles on short-term contracts is high as employment conditions are changing and businesses report signs of recovery from recession.

By Antonio Fabrizio

ALD Automotive has seen a hike in the demand of its short-tem leasing offering recently – reflecting an expansion of short-term deals across the sector, as reported in the June issue of Leasing Life.

The operational leasing and fleet management business line of the Société Générale group said that PoolFleet – its short-term, flexible leasing offering – has increased from 650-700 ‘live’ car rentals at any time last year to 900 vehicles in the first half of 2010.

Typical contracts for nearly-new cars are six months and12,000 miles, ALD Automotive said.

PoolFleet operations manager Adrian Temple explained: “Corporate demand for vehicles on short-term contracts is high as employment conditions are changing and businesses report signs of recovery from recession.

“Meanwhile, a combination of circumstances including long lead times for new models and a shortage of high quality nearly-new vehicles means that dealers are prepared to pay above guide prices for ex-PoolFleet cars to satisfy consumer demand.”

To meet the increasing demand, the company is also offering for the first time commercial vehicles on short-term lease, with over 100 Volkswagen Caddy, Crafter and Transporter vans joining the fleet in the coming weeks.

Antonio Fabrizio

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
SUBSCRIBED

THANK YOU

Thank you for subscribing to Leasing Life