Lex records 7% vehicle fleet growth in 2014
27 February 2015
Author: Daniel Puddicombe
The UK's largest leasing company Lex Autolease achieved 7% growth in its fleet during 2014 to 297,000 vehicles.
Customer assets also increased by 10% to £3.3bn in 2014
Lex said the increases were thanks to investment made as part of a five-year plan unveiled in 2013.
The firm also said it added more than 10,000 cars and 11,000 commercial vehicles to its fleet in 2014.
It developed new products and services such as a range of vans for SME sector tradesmen and a "Business Critical" service for fleets that are subject to specific performance criteria or carry time-sensitive loads.
"Our aspiration is to remain the fleet provider of choice in the UK and we are pleased with the progress achieved to date.
"Business confidence is strong at the moment and we have benefited from this renewed sense of optimism," said Tim Porter, managing director of Lex Autolease.
"We recognise this is a challenging target and we still have a lot of work to do. To reach it will require additional investment and the launch of further innovative products to appeal to our wide and diverse range of customers."