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Investment in services drives Lex fleet growth

Investment in services drives Lex fleet growth

Lex Autolease, the UK’s largest vehicle leasing and fleet management company and part of Lloyds Banking Group, has announced further gains in total fleet and customer assets.  

Through 2016, the funded fleet increased to more than 353,000 vehicles, a year-on-year rise of 36,000 vehicles. Total customer assets grew 18% to £4.5 billion.   

The continued growth for Lex Autolease was driven, said the company, by ongoing investment in developing its propositions and service offering to corporate customers, such as improved online capability that facilitates the management of large fleets.   

The multi-channel business also continued to have high penetration in both the SME and consumer markets, leveraging strong relationships with brokers and manufacturer brand partners.   

Tim Porter, managing director of Lex Autolease, said: “Our primary objective continues to be delivering market-leading service and satisfaction for our all customers. Whether this is through total fleet solutions for large and complex organisations, increasing support and innovation for start-ups and SMEs, or meeting the needs of consumers wishing to finance their vehicle through personal contract hire (PCH), Lex Autolease remains focussed on keeping our customers on the road and supporting Lloyds Banking Group’s aim of helping Britain prosper.”  

At the end of 2016 Lex’s fleet size was 353,694 comprising 255,223 cars and 98,471 light commercial vehicles