UK FLEET growth is predicted by one in five companies expecting to need more cars and vans over the next three years, according to the latest research by Arval.
The most positive response in five years, despite the Brexit uncertainty, comes from the 2017 edition of Arval’s long-established Corporate Vehicle Observatory Barometer – research which covers 3,847 fleets.
Arval initially reported the net percentage of fleets anticipating growth at 29% but subsequently changed the figure to 21%.
Looking at who will be operating more cars and vans in the coming years
- 37% net of larger fleets (more than 50 vehicles) predicting growth
- 24% of medium fleets (10-49 vehicles) predict growth
- 13% of smaller fleets (1-9 vehicles) predict growth.
The research also indicates that UK fleets are almost twice as optimistic about the next few years when compared with the average across other European countries. By comparison, a net 11% of fleets in Europe foresee growth in the next three years, breaking down into
- 19% of larger fleets,
- 13% of medium fleets and
- 7% of smaller fleets.
Shaun Sadlier, head of Arval’s Corporate Vehicle Observatory in the UK, said: “This degree of positivity among fleets is good to see, even if it should perhaps be tempered slightly by the fact that our research took place just before the general election, which may have had an effect on overall economic confidence.
“It is worth noting that this sense of confidence is strongest among larger fleets.
“They are the ones who we would anticipate to be aware of any corporate changes that are being envisaged on a strategic level which could have a negative effect on fleet numbers. However, their confidence is high.”