Registrations for the fleet markets of Spain and France saw growth in 2019, despite fluctuations seen in other areas of the industry.
The Spain fleet market saw a strong 2019 with 6% growth despite a decline in the total market, and the French market saw a 13.6% growth, the result of approximately 534,000 vehicle registrations, according to Dataforce.
In Spain, the total market stood at a minus of 4.3% in 2019. Meanwhile, in France, the private market saw its registration figures decline by 10.6%. Only the true fleet market, with its increase of 6%, improved significantly in 2019. This also represented the sixth consecutive annual increase of fleet registrations and also the highest volume since Dataforce started identifying true fleet registrations in 2008.
It is noteworthy that mainly the leasing and long-term renting sub-segment was responsible for this growth (up 13.7%) while the purchased company cars even declined slightly (down 2.8%), according to Dataforce.
French companies were resilient and continued to invest into their fleet parc, despite government protests and a slowing of the global economy.