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Lex Autolease benchmarking service saves £1.5m+ for fleets in first year

Lex Autolease has saved customers more than £1.5m through ‘Fleet Benchmarking’ since launching the service in February this year.

The benchmarking service has saved more than £1.5m to date for Lex customers

The service is aimed at customers who run 500 vehicles or more and enables them to draw on data from Lex Autolease’s fleet of almost 390,000 vehicles across the UK; this data can be used to identify cost and operational efficiencies, enhance driver benefits and improve their duty of care focus.

Fleets can be anonymously benchmarked against others in the same sector or against a business of a similar size to view like-for-like comparisons across all measurables, ensure short-term competitiveness and lay the groundwork for long-term fleet improvements.

Benchmarking successes to date include for a major retailer, who saved £1.4m by lowering emissions, amending mileage rates and restricting engine capacity. Meanwhile a healthcare provider saved £820k thanks to improvements on the management of accidents, motor offences and driver recharges.

Andy Barrell, head of business development at Lex Autolease, said: “The global automotive industry is going through a transformative period and fleets are under increasing pressure to cut costs and reduce emissions. Adding an extra layer of insight to the decision-making process is proving invaluable, especially for customers trying to establish whether to start the transition towards alternative fuels.

“Looking ahead to another year of technological and legislative change, data will continue to underpin the work that we do in making sure our customers’ fleets are not only fit for purpose, but fit for the future.”

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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.