Arval breaks million threshold
23 February 2017
Author: Debbie Wood
Arval grew its worldwide fleet by 8.4% in 2016, helping the firm to achieve the milestone of one million leased vehicles worldwide in November last year.
Significantly outperforming the initial average growth target of 6%, Arval achieved growth in its traditional markets of France, UK, Spain and Italy, with an overall increase of 7% in the leased fleet. It achieved double-figure growth in several other countries such as Austria (15%), Brazil (14%), Hungary (10%), Luxembourg (13%), Poland (15%) and Czech Republic (19%).
The acquisition of GE Fleet Services at the end of 2015 also contributed as the firm delivered a Europe-wide integration programme throughout last year that covered more than 160,000 vehicles in 12 countries
"2016 was a tremendous year for Arval," said Arval CEO Philippe Bismut. "The millionth vehicle marked a clear turning point in the history of our company. It symbolises the success of our strategy and the unfailing commitment shown by our people".
Here in the UK the firm achieved fleet growth of 8% to go beyond 160,000 leased vehicles for the first time. Significant business wins and customer-retention performance bolstered the corporate fleet, while SME continued to be an area of key growth.
"2016 was another very good year for Arval in the UK, mirroring the excellent performance of the Arval Group. We were able to successfully combine the integration of the GE Fleet business with strong organic growth across all segments and pleasing customer satisfaction scores," said Benoit Dilly, general manager of Arval UK. "Our ongoing focus on supporting our customers by developing our employees and providing unique and effective products and services really paid off, cementing our position as a leading player within the UK."