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