THE CAR AND TRUCK FLEET AND LEASING MANAGEMENT MAGAZINE
The Swiss fleet market continued to see growth to round out 2019 after experiencing declines earlier in the year, and posted a 22% growth in December.
Electric vehicle sales for fleets reached 23% in 2019, which was hinged partially on company car drivers acquiring assets to avoid tax increases that would impact their purchasing decisions in 2020.
The fleet market in Switzerland had a successful November, boasting more than 5,100 registrations on the month, marking a growth of 1.6% compared to the previous year.
Fleet registrations in Switzerland grew by 13.7% in October, continuing another month of growth on a year that saw several registration declines.
Fleet registrations for several countries in Europe dropped significantly following the introduction of the WLTP in late 2018, but most have seen increases in the last several years.
Fleet registrations in Switzerland grew by 24.6%, year on year, reflecting the first month of growth for the region after months of declines seen this year.
Roughly 67% of all BMW fleet cars are leased in Germany, and the overall auto market sees 57% of its fleet vehicles being managed by leases.
Fleet registrations in Switzerland were down 10.8% in August, while the total car market also saw a decline of 10.2%.
Passenger cars in the European fleet market are expected to blossom over the next five years, despite potential declines for the segment in the United Kingdom as the result of Brexit.
Dataforce GmbH has named Marc Odinius as the organization's managing director and sole owner of the company, which offer fleet specific analysis of countries from around the world.