Industry Analysis & Industry Trends
Like most industries in the United States, the Fleet Car Leasing industry suffered during the Great Recession. State and local governments slashed budgets, reducing demand from the public sector. However, because companies were unwilling to invest in their own vehicle fleets, many turned to industry firms instead, thereby staving off even worse performance in 2008 and 2009. In the aftermath of cost cuts during the recession, many businesses were sitting on large cash surpluses, which in turn encouraged them to spend on less essential purchases like fleet leases. As businesses continue to build profit, though, they may be more likely to invest in fleets of their own, presenting a threat to the Fleet Car Leasing industry.... purchase to read more
Industry Report - Industry Products Chapter
A fleet lease vehicle is one vehicle belonging to a group (fleet) of vehicles that an employer is leasing from a third party leasing company to provide to its employees. Lease fleets are made of up at least two cars; however, auto manufacturers consider a fleet to include at least 10 cars. Fleet lease vehicles are also known as company cars.
In a fleet car lease, the lessee is the purchasing company, while the lessor is the outside leasing company supplying the vehicles. The lessor owns the vehicles, which require completing initial tagging, renewals and property tax payments, and gives the lessee the right to use them... purchase to read more