Fleet sales continue to prop up new car market
5 June 2024
Fleet sales produced a 22nd consecutive month of growth for the UK new car market in May, as private sales continued to nose-dive.
Fleet sales produced a 22nd consecutive month of growth for the UK new car market in May, as private sales continued to nose-dive.
More than seven out of 10 fleets are open to introducing manufacturers which are new to the UK to their choice lists, research shows.
A combination of strong residual values and low running costs means fleets will benefit from ultra-competitive TCOs. For example, the Born has a TCO of just 28.6p/mile (3 years/60,000 miles)
While sales to fleets and leasing brokers have been suppressed by some manufacturers due to a lack of supply, Kia has achieved in excess of 50,000 fleet sales this year,
Cox Automotive reported fleet volumes entering the auctions were up 12.5% in February, as well as jumping 2.1% month on month, suggesting fleet renewal activity is in healthy shape.
Last year also saw a restructuring of Volvo’s Business Sales team, with an emphasis on tailoring its services to companies running different sized fleets.
March 2016 car sales record profile Highest one-month registrations since 1999 rounds off record quarter New car market grows 5.3% in March More than half a million buyers for 16-reg plate change. First
Story: RALPH MORTON There will be no direct replacement for Iain Carmichael, the former head of fleet sales at Audi, who left the company at the end of April
