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Lex Autolease's fleet passes 300k

Date: 07 May 2015   |   Author: Daniel Puddicombe

Top BC50 leasing company Lex Autolease has delivered its 300,000th vehicle in the UK. It comes as the company aims to grow its fleet size to 375,000 by 2018.

Last year Lex grew by 7%, adding 10,000 cars and 11,000 vans to its fleet. It also saw total fleet assets increase to £3.3bn, a year-on-year growth of 10% following new product launches.

The 300,000th vehicle is part of a liveried fleet delivered to London-based care provider Clece Care Services. The fleet has been taken on a sole supply contract hire with maintenance basis. The vehicles will be used by nursing staff to travel between hospitals and patients' homes.

"In recent years we have made considerable investment in our products and services for companies of all sizes, from SME right through to megafleet," said Tim Porter, managing director of Lex Autolease. "Businesses are increasingly seeing leasing as a viable alternative to purchasing vehicles outright, especially as the economic recovery takes hold and confidence improves".

"Reaching this milestone sets us firmly on track to achieve our five-year plan of adding 100,000 vehicles to the fleet by 2018,"