Arval grows its leased fleet by 5.6%

Pictured above is Chairman and CEO of Arval, Alain van Groenendael: “We’ll continue to create sustainable value in a profoundly changing market.”

ARVAL increased its fleet size by 5.6% last year, reaching a total of 1,796,396 vehicles worldwide.

At the end of 2024, Arval said its fleet included 573,086 electrified vehicles, up 31% on 2023 and 253,373 electric vehicles , up by 52%. In 2024, EVs represented 22.6% of new vehicle orders.

Arval reported that its fleet consisted of:

International large corporates – 460,000 leased vehicles worldwide, an increase of 5%.

Corporate clients – 736,000 vehicles, an increase of 6%.
Retail clients – 554,000 vehicles, up 9% compared with 2023.
More than 410,000 users of extended mobility solutions, of which 60,000 Arval Mobility Pass users, and more than 9,000 bike users.
The number of connected vehicles passed 800,000, an increase of 29% .
Arval Re-lease, the used car leasing offering, continued to grow reaching 21,600 vehicles leased, up 30% compared to 2023.

“In 2024, we confirmed the strength of our collective and partnership momentum by making major strategic advances. Together, thanks to the mobilisation of our employees, the support of BNP Paribas and the trust of our partners, we have been able to take new steps to better support our customers in their mobility and their energy transition. These solid foundations enable us to approach 2025 with ambition and determination, ready to take on new challenges and continue to create sustainable value in a profoundly changing market."

Alain van Groenendael, Chairman and Chief Executive Officer of Arval Tweet

The leasing and mobility provider reinforced its commitment to decarbonisation, saying it would continue with the adoption of electric mobility across its value chain, which included the used vehicle market.

Arval added that it is the only leasing company to provide a battery state of health certificate with each of its used electric vehicles resold.

It said the battery state of health certificate was also a way of reassuring customers about the veracity of their vehicle. The results of an analysis carried out by Arval’s consulting team on the state of health of its electric vehicle batteries showed battery longevity well beyond the manufacturer’s warranties at 93%.

While sustainable mobility remained crucial to the company’s objectives, it said further work was required beyond its commercial scope. The Arval Energy initiative, launched in April 2024, was designed to create synergies between mobility and energy requirements. Examples included:

V1G,
Vehicle-to-Grid (V2G) and
Vehicle-to-Home (V2H) technologies.

Arval reported that it had become a member of smartEn – Smart Energy Europe, the professional association integrating consumer-focused solutions for the clean energy transition. It had also invested in Shift4Good, the largest independent venture capital fund dedicated to decarbonising the transport industry and had also become a partner of EVVE project (Environmental Recovery of Virtual Energy Storage), aimed at deploying 800 V2G charging stations in Europe.

Arval said it had 8,527 employees serving more than 400,000 customers in 29 countries to support its worldwide operations.