New benchmarking figures released by Arval's Corporate Vehicle Observatory show how chemical and oil fleets compare to four other major areas of UK industry for what is thought to be the first time.
The exercise, covering 10,558 cars and vans in total, shows how the sectors differ in three key areas - average length of vehicle lease, average annual mileage and average CO2.
They reveal, for example, that IT and OE companies keep vehicles for the longest at 47.8 months, that chemical and oil companies cover the most mileage at 27,000 miles per year and that FMCG fleets have the lowest average CO2output per vehicle at 107.9 g/km.
The overall table shows:
of lease in months mileage in thousands per vehicle in g/km
Chemical and oil 42.3 27.0
IT and OE**
Shaun Sadlier, Head of Arval's Corporate Vehicle Observatory in the UK, said: “These statistics give a fascinating comparative insight into how cars are used in different industries and the varying needs of businesses within these sectors. We believe this to be the first comparison of this type to be released into the public domain.
“You can see that chemical and oil fleets turn their cars over faster than anyone else, renewing at 42.3 months, which makes sense given that they also work their vehicles hardest, covering the most miles at 27,000 per annum. This is clearly a more functional fleet.
“At the other end of the spectrum, pharmaceutical fleets have the second shortest leases, the lowest annual mileage but the highest CO2, suggesting that there is a greater accent on car choice as part of an overall benefits package.”
Shaun said that Arval's Corporate Vehicle Observatory was continuing with this benchmarking exercise and planned to issue more statistics in the near future.
“There are other areas that we are currently examining, such as the different fuel types being used in each sector, and we will share this information as it becomes available.
“It is useful, as part of our consultancy work, to see the most common practices which are dominant in different sectors. This allows us to share common solutions with our customers and also gain a better understanding of their specific needs and how we can support them.”
*Fast moving consumer goods
** Information Technology & Office Equipment
About Arval UK
Arval UK, part of the Arval Group, is a leader in the provision of vehicle funding and fleet management solutions. Owned by BNP Paribas, with substantial buying power, we have 40 years of industry experience and fund more than 160,000 cars and vans. Focused on service quality, Arval UK is a people-led company, with specialist teams dedicated to businesses from start-ups to FTSE 100 companies. Arval continues to invest significantly in technology to improve fleet efficiency and has a comprehensive range of products and services covering funding solutions including contract hire, vehicle maintenance, fuel management, accident management, breakdown recovery, short and medium term hire, insured lease vehicles, full outsourcing and consultancy services. arval.co.uk
Founded in 1989 and fully owned by BNP Paribas, Arval specialises in full service vehicle leasing. Arval offers its customers – large international corporates, SMEs and professionals – tailored solutions that optimise their employees' mobility and outsource the risks associated with fleet management. Expert advice and service quality, which are the foundations of Arval's customer promise, are delivered in 28 countries by over 6,000 employees. Arval's total leased fleet adds up to 1,000,000 vehicles throughout the world. Arval is a founding member of the Element-Arval Global Alliance, the longest standing strategic alliance in the fleet management industry and the worldwide leader with 3 million vehicles in nearly 50 countries. Within BNP Paribas, Arval belongs to the Retail Banking core activity. www.arval.com
About the Corporate Vehicle Observatory (CVO)
The Corporate Vehicle Observatory is a neutral knowledge sharing platform.It was founded in 2002 by Arval, a leader in vehicle leasing and fleet management..
The Corporate Vehicle Observatory is present in 15 countries and its mission is to inform fleet decision makers, engaging them in discussion about the latest developments in the management of company vehicles and broader corporate mobility. Safety, alternative energies, funding methods and fuel are just some of the key industry trends that the CVO tracks and analyses at a local and international level. Part of this analysis is distributed through the annual CVO Fleet Barometer, which celebrated its 12th anniversary in 2017.
About BNP Paribas
BNP Paribas has a presence in 75 countries with more than 185,000 employees, including 145,000 in Europe. It ranks highly in its two core activities: Retail Banking & Services (comprised of Domestic Markets and International Financial Services) and Corporate & Institutional Banking. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the leader in consumer lending. BNP Paribas is rolling out its integrated retail banking model across Mediterranean basin countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas and solid and fast-growing businesses in Asia-Pacific. bnpparibas.com
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