Table of Contents
Executive Summary
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- Market size
- By value
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- Figure 1: UK fleet services market value, £ billion, 2012-16
- By volume
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- Figure 2: UK cars on the road, total and business, ‘000 cars, 2011-15
- Market segmentation
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- Figure 3: Registrations by sales type, private, fleet & business, 2012-16
- Figure 4: Ultra-low emission cars, first time registration, 2011-15
- Market factors
- Ongoing growth in business investment
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- Figure 5: UK business investment, £ million, Q1 2012-Q4 2016
- Employment continues to grow
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- Figure 6: UK employment level, ‘000, Q4 2012-16
- Growing popularity of salary sacrifice schemes
- UK tax changes and crackdown on salary sacrifice schemes
- Impressive growth across used car sales
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- Figure 7: Used car sales, 2012-16
- Market forecasts
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- Figure 8: Fleet service market value forecasts, £ billion, 2017-21
- What we think
Key Insights
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- What impact will the recent Brexit decision have on the fleet services market?
- How have growing environmental concerns manifested in the UK fleet services and wider automotive industry?
Introduction
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- Issues in the market
- Definitions
- Methodology
- Abbreviations
- Market positioning
UK Economy
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- Key points
- Overview
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- Figure 9: UK output, by industry, 2008-16
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- Figure 10: Quarters after GDP Peak, 1979, 1990 and 2008
- Inflation
- Interest rates
- House prices
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- Figure 11: UK house price changes, 2006-16
- Consumer spending
- Manufacturing
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- Figure 12: UK manufacturing, 2014-17
- Business investment
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- Figure 13: UK GFCF 2005-16
- Imports
- Exports
Market Factors
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- Key points
- Business investment continues to grow amid rising confidence
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- Figure 14: UK Business investment
- UK unemployment falls to an 11-year low
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- Figure 15: UK Employment level, ‘000 people, Quarter 4 2012-16
- Growing popularity of salary sacrifice schemes
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- Figure 16: Nature of company cars provision, by income, ‘000, 2013-14
- UK tax changes and crackdown on salary sacrifice schemes
- Impressive growth across used car sales
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- Figure 17: UK used car sales, 2012-16
Market Size
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- Key points
- The market continues to grow as it looks to have fully consolidated its recovery from the economic crisis
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- Figure 18: UK fleet services market size, by value, £ billion, 2012-16
- Ongoing expansion across fleet sizes
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- Figure 19: UK Cars on the road, total and business, ‘000 cars, 2011-15
Market Segmentation
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- Key points
- Fleet vehicles continue to drive total registrations
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- Figure 20: Registrations by sales type, private, fleet & business, 2012-16
- Surging popularity of Ultra-Low Emissions Vehicles
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- Figure 21: Ultra low emissions cars registered for the first time, 2011-15
Industry Structure
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- Key points
- Industry development
- The number of outlets and businesses continues to grow on an annual basis
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- Figure 22: Analysis of the changes in the automobile renting & leasing industry, number of businesses and outlets, 2015 and 2016
- Structure by turnover
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- Figure 23: Analysis of the financial structure of the automobile renting & leasing sector, £000 and number of companies, 2015 and 2016
- Structure of employment
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- Figure 24: Analysis of the employment structure of the automobile renting & leasing sector, number of outlets and employees, 2015 and 2016
Company Profiles
ALD Automotive
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- Figure 25: Financial analysis of ALD Automotive, £ million, 2011-15
- Recent company activity
- Company strategy
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Alphabet
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- Figure 26: Financial analysis of Alphabet (GB), £ million, 2011-15
- Recent company activity
- Company strategy
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Arval
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- Figure 27: Financial analysis of Arval, £ million, 2011-15
- Recent company activity
- Company strategy
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Hitachi
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- Figure 28: Financial analysis of Hitachi Capital Vehicle Solutions, £ million, 2012-16
- Recent company activity
- Company strategy
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Inchcape
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- Figure 29: Financial analysis of Inchcape Fleet Solutions, £ million, 2011-15
- Recent company activity
- Company strategy
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Leaseplan
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- Figure 30: Financial analysis of LeasePlan UK, £ million, 2011-15
- Recent company activity
- Company strategy
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LEX Autolease
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- Figure 31: Financial analysis of Lex Autolease, £ million, 2011-15
- Recent company activity
- Company strategy
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Mercedes Benz Financial Services
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- Figure 32: Financial analysis of Mercedes-Benz Financial Services, £ million, 2011-15
- Recent company activity
- Company strategy
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Ogilvie Fleet
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- Figure 33: Financial analysis of Ogilvie Fleet, £ million, 2012-16
- Recent company activity
- Company strategy
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Zenith
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- Figure 34: Financial analysis of Zenith, £ million, 2012-16
- Recent company activity
- Bridgepoint
- Company strategy
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Forecast
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- Key points
- Fleet services expected to sustain growth despite some turbulent market conditions
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- Figure 35: Fleet service market value forecasts, £ billion, 2017-21
- Technological innovation
- Consolidation of eco-orientated vehicles
- Growth of connected services
- Emergence of autonomous vehicles
Further Sources and Contacts
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- Trade associations
- ACFO (Association of Car Fleet Operators)
- British Vehicle Renting & Leasing (BVRLA)
- Finance and Leasing Association
- Institute of Car Fleet Management
- Retail Motor Industry Federation
- Society of Motor Manufacturers & Traders (SMMT)
- Trade magazines
- Fleet News
- Fleet World
- Motor Transport
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