Fleet sizes down in post-recession economy
19 July 2011
The size of company car and van fleets in the UK has continued to shrink in the post-recession economy, according to new research.
Of 115 fleets questioned by MIB Data Solutions, which produces the Fleet Data and Fleet Entire industry databases, 23% said their fleet was now smaller than in Winter 2009, when the recession technically ended.
Just 17% of fleets said numbers had grown while 60% said they had remained static.
Nick Boddington, MIB boss, said the results showed that the recession continued to hit UK businesses long after it had technically ended.
He added that the fleet size reductions were weighted towards larger fleets, with one respondent reporting a fall from 450 to 300 vehicles.
He said this trend could suggest "smaller, more nimble companies had already downsized their fleets to the minimum level at the time when the recession ended while larger organizations were still in the process of making changes."
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