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Alphabet International expands operational lease portfolio

Alphabet International saw growth in both its operational lease portfolio and overall order volumes in 2017 while also outperforming the new car market on uptake of electric and plug-in hybrid vehicles.

Alphabet now has 680,000 vehicles in its portfolio

Alphabet now has 680,000 vehicles in its portfolio

New 2017 figures show the leasing and fleet management giant grew its operational lease portfolio by 5.5%, to 680,000 cars and light commercial vehicles, while its order volume increased by 4% to more than 240,000. Meanwhile the firm also expanded its customer base by 10% to over 86,000 companies.

The results also show a strong performance for local subsidiaries in Spain and Belgium, which each broke the 50,000th vehicle mark in their respective portfolios.

Take-up of electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs) gained ground, growing by 51% in total – this compares to an overall increase of 36% in the EV/PHEV market over the same period. In total, Alphabet introduced 11,000 EVs and PHEVs, which equals 5.2% market share of all EV/PHEV registrations in the 12 relevant countries.

The firm said it would continue its focus on providing clients with tailor-made solutions “as an increasing number of companies look to adopt new mobility forms and practices within a framework that fits their business requirements”.

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Natalie Middleton

Natalie has worked as a fleet journalist for 16 years, previously as assistant editor on the former Company Car magazine before joining Fleet World in 2006. Prior to this, she worked on a range of B2B titles, including Insurance Age and Insurance Day. As Business Editor, Natalie ensures the group websites and newsletters are updated with the latest news.