A roundup of the week’s fleet news from the UK and Europe
including a new deal for Toyota and Peugeot-Citroën, the relative
success of VW finance, GE Capital’s findings on fleet costs and the
best way to navigate them from the BVRLA.

Toyota takes Peugeot-Citroën LCVs in
Europe

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PSA Peugeot-Citroën has agreed to supply light
commercial vehicles for sale under the Toyota brand in Europe until
at least 2020.

The deal between the two manufacturers,
similar to their prior small-car deal, will commence in summer 2013
and includes collaboration on next generation vehicles but not
joint production or capital management.

Transporter keeps VW afloat in sinking
UK van market

Registrations of Volkswagen Commercial
Vehicles (VWCV) have remained steady, and increased the brand’s
market share from 11.4% to 12.6%, while the UK sub 3.5-tonne van
market dropped 10% across the first half of 2012.

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Alex Smith, director of VWCV, attributed the
performance to the Transporter, Amorak and the Crafter, launched
during H1 2012, and the combined running costs, strong residual
values and finance offers available on all three models.

Costs spurs company car choice –
GE

Value for money and control of cost have led
to a limiting of choices of company cars offered to employees since
the start of 2011 according to the latest quarterly Company Car
Trends report by GE Capital Fleet Services.

Of the 250 fleet managers questioned by GE,
the following criteria to determine company car choice had all
risen since the first quarter of 2011:

  • CO2 emissions limit, up from 52% (Q1, 2011) to 70% (Q2,
    2012)
  • Fitness for purpose, from 40% to 59%
  • Maximum monthly rental, from 40% to 58%
  • Safety features, from 19% to 21%
  • Maximum engine capacity, from 8% to 18%

BVRLA’s guide to fleet
finance

The British Vehicle Rental and Leasing
Association (BVRLA), in conjunction with Peugeot and Deloitte, has
published its Guide to Vehicle Funding, which John Lewis,
chief executive of the BVRLA has described as a “good starting
place” for businesses to navigate the squeezed credit market.

The guide supplies an overview of the pros,
cons and tax implications of contract hire, contract lease, finance
lease, hire or lease purchase and outright purchase, as well as
introductory guidance to personal motoring schemes and employee
benefits.

richard.brown@vrlfinancialnews.com