Table of Contents
Executive Summary
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- The market
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- Figure 1: UK fleet services market value, £ billion, 2013-17
- Market trends
- New fleet registrations
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- Figure 2: UK total fleet registrations volume, 2011-17
- Continued growth in alternatively fuelled vehicles
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- Figure 3: UK alternatively fuelled vehicle registrations, 2012-16
- UK business growth
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- Figure 4: UK number of enterprises, 2013-17
- Fuel pricing has regained growth momentum over the past six months
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- Figure 5: Road fuel prices, weekly, pence per litre, January 2013-January 2018
- Employment growth driving company vehicle demand
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- Figure 6: UK total employment, ‘000, September-November 2013 to September-November 2017
- Market factors
- The imposition of salary sacrifice scheme changes
- Technology
- Market forecasts
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- Figure 7: UK fleet services forecast market value, 2018-22
- Ongoing changes to fleet vehicles
- The future consolidation of car sharing schemes
- What we think
Key Insights
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- How has the UK’s decision to leave the EU impacted the fleet services industry?
- The potential outcomes of Brexit negotiations
- Giving mounting competition in the market, how can companies look to progress over coming years?
- Differentiation through service
- Telematics
Introduction
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- Issues in the market
- Definitions
- Methodology
- Abbreviations
- Market positioning
UK Economy
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- GDP forecast
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- Figure 8: Forecast GDP development, % growth, 2017-22
- GDP quarterly development
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- Figure 9: UK GDP quarterly development, Q1 2004-Q1 2017
- Inflation
- House prices
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- Figure 10: UK house price changes, % change, 2006-17
- Interest rates
- Consumer spending
- Manufacturing
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- Figure 11: UK manufacturing index, January 2014-January 2017
- Business investment
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- Figure 12: UK GFCF, 2003-17
- Imports
- Exports
Market Size
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- Key points
- The market
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- Figure 13: UK fleet services market value, 2013-17
- New technology and rise of AFVs fuels growth
Market Trends
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- Key points
- New fleet registrations
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- Figure 14: Volume of total fleet registrations in the UK, 2011-17
- Continued growth in alternatively fuelled vehicles
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- Figure 15: UK alternatively fuelled vehicle registrations, 2012-16
- UK business growth
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- Figure 16: UK number of enterprises, 2013-17
- Fuel pricing has regained growth momentum over the past six months
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- Figure 17: Road fuel prices, weekly, pence per litre, 2013-17
- Employment growth driving company vehicle demand
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- Figure 18: UK total employment, September-November 2013-September-November 2017
Market Factors
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- Key points
- Salary sacrifice scheme changes introduced
- Technology
- Telematics
- Sustainability
Industry Structure
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- Key points
- Industry development
- Industry by structure
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- Figure 19: Analysis of the changes in the automobile renting and leasing industry, by number of businesses and outlets, % growth, 2013-17
- Industry by turnover
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- Figure 20: Analysis of the financial structure of the automobile renting and leasing industry, 2016 and 2017
- Industry by employment
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- Figure 21: Analysis of the employment structure of the automobile renting and leasing industry, by number of outlets and employees, 2016-17
Company profiles
ALD Automotive
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- Recent company activity
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- Figure 22: Financial analysis of ALD Automotive, 2012-16
- Company strategy
Alphabet
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- Recent company activity
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- Figure 23: Financial analysis of Alphabet, 2012-16
- Company strategy
Arval
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- Recent company activity
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- Figure 24: Financial analysis of Arval, 2012-16
- Company strategy
Hitachi
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- Recent company activity
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- Figure 25: Financial analysis of Hitachi, 2012-16
- Company strategy
Inchcape
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- Recent company activity
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- Figure 26: Financial analysis of Inchcape, 2012-16
- Company strategy
Leaseplan
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- Recent company activity
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- Figure 27: Financial analysis of Leaseplan UK, 2012-16
- Company strategy
Lex Autolease
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- Recent company activity
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- Figure 28: Financial analysis of Lex Autolease, 2012-16
- Company strategy
Mercedes Benz Financial Services
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- Recent company activity
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- Figure 29: Financial analysis of Mercedes Benz Financial Services, 2012-16
- Company strategy
Ogilvie Fleet
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- Recent company activity
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- Figure 30: Financial analysis of Ogilvie Fleet, 2012-16
- Company strategy
Zenith
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- Recent company activity
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- Figure 31: Financial analysis of Zenith, 2013-17
- Bridgepoint
- Company strategy
Market Forecast
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- Key points
- The market
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- Figure 32: UK fleet services forecast market value, 2018-22
- Ongoing changes to fleet vehicles
- The future consolidation of car sharing schemes
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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