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Uncertain conditions not hampering fleet growth predictions

By / 1 year ago / Latest News / No Comments

Almost 30% of UK fleets predict that the number of vehicles they operate will increase over the next three years – the most positive response in the last five years.

arval

37% of larger fleets predicted a positive outlook for an increase in fleet size.

The result was published in the 2017 edition of Arval’s Corporate Vehicle Observatory Barometer, covering 3,847 fleets.

Of the 21% of fleets that predicted an expansion rather than a contraction in size, larger fleets (more than 50 vehicles) were the most positive in their outlook, with 37% saying that they believe they will be operating more cars and vans in the coming years. This is compared to 24% of medium fleets (10-49 vehicles) and 13% of smaller fleets (1-9 vehicles).

The research also indicates that UK fleets are almost twice as optimistic about the next few years when compared with the average across other European countries.

By comparison, just 11% of fleets in Europe expected to forsee growth in the next three years, breaking down into 19% of larger fleets, 13% of medium fleets and 7% of smaller fleets.

Shaun Sadlier, head of Arval’s Corporate Vehicle Observatory in the UK, commented: “This degree of positivity among fleets is good to see, even if it should perhaps be tempered slightly by the fact that our research took place just before the General Election, which may have had an effect on overall economic confidence.

“It is worth noting that this sense of confidence is strongest among larger fleets. They are the ones who we would anticipate to be aware of any corporate changes that are being envisaged on a strategic level which could have a negative effect on fleet numbers. However, their confidence is high.”

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Katie Beck

Katie joined Fleet World in 2012 as an editorial intern, following the completion of an English and American Literature BA from the University of East Anglia. She accepted a full-time position as an editorial assistant at the end of the internship period, and was promoted to the role of features editor in 2014. She works across the magazine and website portfolio, and administrates the social media channels.