Lex Autolease increases
Tim Porter, Lex Autolease MD: extending lead at the top
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Lex Autolease growth

  • Lex Autolease has achieved net fleet growth of over 12,000 vehicles in first half of 2016
  • Operating lease assets have increased by eight per cent since December 2015 to £3.7 billion
  • 34% customer growth year on year
  • Alternative fuel fleet has grown to over 10,000 vehicles

MORE than 53,000 car and van deliveries in the first half of 2016 has taken the Lex Autolease fleet to close on a third of a million vehicles with 16% growth in operating lease assets largely driven by SME activity.

The UK’s leading fleet management company, part of Lloyds Banking Group, says it maintained positive growth with fleet growth of 12,224 vehicles, (3.9% growth in its fleet size) to 329,865 vehicles during the first half of 2016 – a year-on-year rise of 8.5%.

The business delivered over 40,000 cars and over 13,000 light commercial vehicles to its customers during the first half of 2016. It also added over 15,000 new customers in the same period with a record number of new small and medium sized business customers leasing vehicles from the business.

Year-on-year, operating lease assets grew 16%, driven largely by new SME customer activity.

MD Tim Porter said: “We have made good progress in the first half of 2016 and are working hard to ensure we continue to provide the high quality service that has underpinned our growth in new customers and retention of existing customers.

“We remain on track to meet our ambitious five-year fleet growth plan. We continue to invest in our business and review our operating model to ensure that we keep on meeting our customers’ evolving needs and provide good value.

“I am delighted that we are leading the way with strong growth in our alternative fuel fleet, and our focus on expanding further into the small and medium sized business market is evidence of how we are helping this vital segment of the British economy to prosper.”

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