Arval steers steady course in 2009
Helped by its steady performance, Arval says it retained its number two European ranking in the market for corporate vehicle full service leasing. Its market share, measured on the basis of its financed fleet in its countries of operation, amounted to 8.6% at the end of 2009.
Due to the economic crisis and the extension of current contracts, its new vehicle registrations dropped by 32%. Vehicle sales only grew by 2% compared to 2008, while the fleet management business fell from 86,000 to 73,500 units, a 15% decline against 2008. Its managed fleet stood at 681,500 vehicles at end-2009.
In the countries in which it set up operations more recently, Arval’s financed fleet recorded highly satisfactory growth, most notably in Brazil (+130%), India (+200%) and Turkey (+150%).
The company attributes its steady performance last year to a number of factors, including contract extensions and careful management of used car values. The company said it has also focused on giving its customers expert advice and will be continuing to roll out its "Arval Consulting" service as well as its “Measure & Management” programme, which combines teaching eco-driving methods to drivers with monitoring car use with the help of an on-board telematics system.
Laurent Tréca, chairman and CEO, said: 'Thanks to Arval’s expertise in optimising the costs of owning a car, we are able to reassure our customers and improve our business relations. We’re seeing great customer loyalty and even new customers who have decided to use full service leasing instead of their usual way of financing and managing their fleet.
'However, even though we’re resolutely optimistic, we know that the economic crisis is not over and that we must remain vigilant.'