A new study suggests that over a quarter of the nation’s fleets expect to increase the number of their vehicles over the next three years…
Growing Fleets
Findings from the 2022 Arval Mobility Observatory Barometer has found that over a quarter (27%) of British fleets expect to take on more vehicles over the next three years. The reasons for this growth are multifaceted. For instance, 81% of decision-makers said that the vehicles would be needed to deal with business growth. But human resources needs (21%) and offering company cars to employees (21%) were also significant factors in the decision.
The 27% figure is slightly down on last year’s 29%. However, it’s significantly above the 21% figure recorded back in 2020; a testament to ongoing confidence within the fleet sector. Although, given the extent of supply-chain issues, it remains to be seen how straightforward securing the new vehicles will prove to be for businesses.
Lots of Optimism
Shaun Sadlier, head of Arval Mobility Observatory in the UK, believes the growth of fleets is indicative of strong business performance in 2022. He said, “one of the most surprising findings in last year’s research was the high degree of optimism surrounding future fleet growth, despite the potential impact of Covid-19 and lockdowns at that time. Even though we are now emerging from the pandemic, this year brings a different set of risks – ranging from conflict to a rapidly rising cost of living – but fleets still remain notably positive about the future”.
He added, “the actual reasons for optimism across all company sizes are relatively straightforward – organisations are increasing in size, they need to attract and retain staff, and want or need to offer cars to a wider range of employees. Factors that are Covid-related, such as providing a safe commute to work, are conversely falling away as the threat is perceived to be receding. One central fact is clear – as we emerge from the pandemic, company cars and vans remain core to business growth strategies moving forward”.
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