We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we will assume that you are happy to receive all cookies on the Business Car website. However, if you would like to, you can change your cookies at any time
The start point for the best source of fleet information |
Indeed the biggest percentage loss in fleet size among the top 25 came from Masterlease, owned by?GM's finance house GMAC. The drop of nearly 24,000 vehicles tallies with the decision by the carmaking giant's vehicle sales operation in the UK (namely Vauxhall, Saab and Chevrolet) to stop using Masterlease in favour of ALD Automotive, owned by French bank Societe General. The move came after Masterlease announced it would no longer write any new Saab business because of uncertainty over the Swedish brand's future.
However, the full extent of the fall isn't just due to the loss of this single channel, as Masterlease boss Peter Tatlock explains in the panel below.
Interestingly, the GM deal has yet to impact upon ALD's figures.
Dealer group-owned Pendragon Contracts also saw a significant fall in 2009 with its fleet shrinking 23% to nearly 18,500 vehicles.
Pendragon Contracts managing director Neal Francis attributed the drop to "customers downsizing their fleets given the broader economic conditions, external funders underwriting policy and acceptance criteria tightening and Pendragon's internal-use fleet declining."
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
BC50 CONTINUE...
BusinessCar magazine ©2019
Business Car Magazine © 2020 | Business Car is part of NS Media Group.
