Executive Summary

• Market size
• By value
  • Figure 1: UK fleet services market value, £ billion, 2012-16
• By volume
  • Figure 2: UK cars on the road, total and business, ‘000 cars, 2011-15
• Market segmentation
  • Figure 3: Registrations by sales type, private, fleet & business, 2012-16
  • Figure 4: Ultra-low emission cars, first time registration, 2011-15
• Market factors
• Ongoing growth in business investment
  • Figure 5: UK business investment, £ million, Q1 2012-Q4 2016
• Employment continues to grow
  • Figure 6: UK employment level, ‘000, Q4 2012-16
• Growing popularity of salary sacrifice schemes
• UK tax changes and crackdown on salary sacrifice schemes
• Impressive growth across used car sales
  • Figure 7: Used car sales, 2012-16
• Market forecasts
  • Figure 8: Fleet service market value forecasts, £ billion, 2017-21
• What we think

Key Insights

• What impact will the recent Brexit decision have on the fleet services market?
• How have growing environmental concerns manifested in the UK fleet services and wider automotive industry?

Introduction

• Issues in the market
• Definitions
• Methodology
• Abbreviations
• Market positioning

UK Economy

• Key points
• Overview
  • Figure 9: UK output, by industry, 2008-16
• • Figure 10: Quarters after GDP Peak, 1979, 1990 and 2008
• Inflation
• Interest rates
• House prices
  • Figure 11: UK house price changes, 2006-16
• Consumer spending
• Manufacturing
  • Figure 12: UK manufacturing, 2014-17
• Business investment
  • Figure 13: UK GFCF 2005-16
• Imports
• Exports

Market Factors

• Key points
• Business investment continues to grow amid rising confidence
  • Figure 14: UK Business investment
• UK unemployment falls to an 11-year low
  • Figure 15: UK Employment level, ‘000 people, Quarter 4 2012-16
• Growing popularity of salary sacrifice schemes
  • Figure 16: Nature of company cars provision, by income, ‘000, 2013-14
• UK tax changes and crackdown on salary sacrifice schemes
• Impressive growth across used car sales
  • Figure 17: UK used car sales, 2012-16

Market Size

• Key points
• The market continues to grow as it looks to have fully consolidated its recovery from the economic crisis
  • Figure 18: UK fleet services market size, by value, £ billion, 2012-16
• Ongoing expansion across fleet sizes
  • Figure 19: UK Cars on the road, total and business, ‘000 cars, 2011-15

Market Segmentation

• Key points
• Fleet vehicles continue to drive total registrations
  • Figure 20: Registrations by sales type, private, fleet & business, 2012-16
• Surging popularity of Ultra-Low Emissions Vehicles
  • Figure 21: Ultra low emissions cars registered for the first time, 2011-15

Industry Structure

• Key points
• Industry development
• The number of outlets and businesses continues to grow on an annual basis
  • Figure 22: Analysis of the changes in the automobile renting & leasing industry, number of businesses and outlets, 2015 and 2016
• Structure by turnover
  • Figure 23: Analysis of the financial structure of the automobile renting & leasing sector, £000 and number of companies, 2015 and 2016
• Structure of employment
  • Figure 24: Analysis of the employment structure of the automobile renting & leasing sector, number of outlets and employees, 2015 and 2016

Company Profiles

ALD Automotive

• • Figure 25: Financial analysis of ALD Automotive, £ million, 2011-15
• Recent company activity
• Company strategy

Alphabet

• • Figure 26: Financial analysis of Alphabet (GB), £ million, 2011-15
• Recent company activity
• Company strategy

Arval

• • Figure 27: Financial analysis of Arval, £ million, 2011-15
• Recent company activity
• Company strategy

Hitachi

• • Figure 28: Financial analysis of Hitachi Capital Vehicle Solutions, £ million, 2012-16
• Recent company activity
• Company strategy

Inchcape

• • Figure 29: Financial analysis of Inchcape Fleet Solutions, £ million, 2011-15
• Recent company activity
• Company strategy

Leaseplan

• • Figure 30: Financial analysis of LeasePlan UK, £ million, 2011-15
• Recent company activity
• Company strategy

LEX Autolease

• • Figure 31: Financial analysis of Lex Autolease, £ million, 2011-15
• Recent company activity
• Company strategy

Mercedes Benz Financial Services

• • Figure 32: Financial analysis of Mercedes-Benz Financial Services, £ million, 2011-15
• Recent company activity
• Company strategy

Ogilvie Fleet

• • Figure 33: Financial analysis of Ogilvie Fleet, £ million, 2012-16
• Recent company activity
• Company strategy

Zenith

• • Figure 34: Financial analysis of Zenith, £ million, 2012-16
• Recent company activity
• Bridgepoint
• Company strategy

Forecast

• Key points
• Fleet services expected to sustain growth despite some turbulent market conditions
  • Figure 35: Fleet service market value forecasts, £ billion, 2017-21
• Technological innovation
• Consolidation of eco-orientated vehicles
• Growth of connected services
• Emergence of autonomous vehicles

Further Sources and Contacts

• Trade associations
• ACFO (Association of Car Fleet Operators)
• British Vehicle Renting & Leasing (BVRLA)
• Finance and Leasing Association
• Institute of Car Fleet Management
• Retail Motor Industry Federation
• Society of Motor Manufacturers & Traders (SMMT)
• Trade magazines
• Fleet News
• Fleet World
• Motor Transport