WITH the leasing company’s UK leased fleet growing by 3.6% and new orders up 15% compared with pre-Covid, Arval says much of its growth was powered by the broker funder’s retail channel – which includes broker, dealer, white-label and direct customers – despite a challenging year.
Arval UK head of retail, Todd Williams (left), commented:
“For the first time ever, our UK retail channel reached more than 100,000 vehicles on fleet, increasing by 22% in the last five years.
“Brokers have played a huge part in our growth and supporting customers in their transition to sustainable mobility.” He added:
28% of all vehicles delivered from brokers were electrified and 18% were fully electric vehicles.
“Brokers remain an integral part of our ambitions and goals. We would like to thank them for their continued support and determination in the face of the ongoing market challenges that our industry is facing.”
In overall terms, of Arval’s increased orders almost half (47%) were for electrified vehicles.
2021 was a strong year for Arval UK, despite the many challenges posed by the pandemic and the resultant supply issues impacting the automotive world. We grew our fleet by 3.6% in a flat market, consolidating our position as #3 in the FN50 rankings. As a leader in sustainable mobility, we continued to support our clients in their electrification journey in the run up to the UK’s road transport decarbonisation agenda for 2030, while also winning accolades for our focus on employee wellbeing.”
Lakshmi Moorthy, managing director, Arval UK
Ralph Morton is the leading journalist in the leasing broker sector and editor of Broker News, the website which provides information and news for BVRLA-registered leasing brokers. He also writes extensively on the fleet and leasing market in both the UK and Europe.
