Fleets have been less affected than expected by the global semiconductor shortage that has impacted the original equipment business. According to latest research from Arval Mobility Observatory’s 2022 Barometer, just one in four fleets (26%) say that they have been affected.
The number of employees driving on correctly inflated tyres has hit a new high at Arval, thanks to a series of annual tyre safety awareness events run in conjunction with Michelin.
Results from this year’s Michelin ‘Fill Up With Air’ roadshow revealed that of the 135 employee personal and company cars tested on the day, 73 per cent had all four tyres running at either perfect pressures or within acceptable tolerances. This is an improvement of 41 percentage points since the roadshow first rolled into the contract hire and leasing company’s car park in 2008.
Vehicle leasing specialist Arval has signed a Memorandum of Understanding with GE Capital to acquire the latter’s European fleet management business. The scope of this acquisition covers more than 160,000 vehicles in 12 European countries, of which France, Germany and the UK represent more than three quarters; vehicle assets amount to €2.4bn as of Q1 2015. Parent company BNP Paribas states that the transaction will “significantly reinforce” Arval’s leading market position in Europe.