Fleets are targeting new suppliers as relationships with manufacturers are hitting a 'record low'
Group is working to secure stock for UK fleets, providing updates through its digital portals and offering extended finance and maintenance agreements to plug gaps if deliveries are delayed.
Toby Poston, director of corporate affairs at the British Vehicle Rental and Leasing Association, said leasing companies are optimistic about the market recovering this year. Demand for company cars is strong and deliveries are on schedule, but extended lead times are still the norm and vehicles aren’t always arriving in the specification they were ordered in, which affects lease rates.
“There is also a lot of interest in new manufacturers coming to the UK market. Motivations are changing and many drivers are softening their brand loyalties if an alternative manufacturer has a vehicle that is able to meet their needs.”
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