Mature Fleet Leasing Market is Re-inventing Itself, Finds Frost & Sullivan

Mature Fleet Leasing Market is Re-inventing Itself, Finds Frost & Sullivan PR Newswire LONDON, Nov. 13, 2012 - Corporate car sharing and multi-modality solutions offer new avenues for growth LONDON, Nov. 13, 2012 /PRNewswire/ -- The mature European fleet leasing market is exploring new avenues of growth. Leasing companies are becoming multi-mobility solution providers, rather then just providing vehicles to lease. Companies are concentrating on improving operations and growing their product and service portfolio to gain incremental business. Most fleet leasing companies are expected to venture into corporate car sharing programmes. New analysis from Frost & Sullivan (http://www.automotive.frost.com), Strategic Analysis of the European Fleet Leasing Market, finds that the automotive fleet leasing market is expected to grow at a compound annual growth rate of 6.2 per cent during the period 2011-2018. Operational leasing is expected to account for 62 per cent of fleet leasing sales by 2018, which is 55 per cent up from 2011 levels. Fleet leasing will move from Total Cost of Optimisation to Total Cost of Mobility, with leasing companies offering mobility solutions over base-level vehicle leasing. "The mature fleet leasing market is re-inventing itself, offering multi-modality solutions and entering into new business models like car sharing," notes Frost & Sullivan Automotive & Transportation Consulting Manager, Mohamed Mubarak.