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Brazil is the second fastest growing vehicle leasing market for Arval, according to financial data released by the company. Arval Brasil has experienced double-digit growth in its vehicle leasing portfolio, growing by 14%.
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The Mitsubishi Mirage topped a list of the most affordable cars for retail leasing under a methodology that relies heavily on depreciation as a driver of total leasing costs.
Read More →There are more than 17 million vehicles in Turkey, of which 40% are fleet vehicles. Fewer than 13% of the population in Turkey either owns or drives a vehicle, according to research by 'Automotive Fleet' magazine. In terms of fleet passenger cars, only 10% of the 2.4 million company cars in Turkey are leased, but demand for fleet leasing has been growing.
Read More →Arval's global fleet of leased vehicles went over the one million mark at the end of 2016, and managed to surpass the company's initial target of 6% growth, achieving 8.4%.
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Sparks, Md.-based Element Fleet Management has donated $31,000 to the American Red Cross for disaster relief efforts, the fleet management company announced.
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A record number of newer model year off-lease vehicles returning to dealer lots this year will be putting significant upward pressure on the late-model used market, according to the February 2017 Edmunds Used Vehicle Market Report.
Read More →When it’s all said and done, there usually is a right answer for a particular fleet and the best person to make that decision is a well-educated fleet manager.
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Honda will offer its 2017 Clarity Fuel Cell sedan with a retail lease price of $369 per month in California starting at the end of 2016, Honda has announced.
Read More →Sofico has opened a new office in the Netherlands in order to better service its Dutch fleet, retail, and wholesale customers.
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For both small and large fleets, choosing the correct lease type requires consideration of costs, utilization, and remarketing scenarios.
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