Arval maintains its market share and develops new services
Despite an unprecedented crisis in the global economy and automotive industry, Arval managed to steer a steady course in 2009.
With a total financed fleet of 608,000 vehicles at end-2009, representing 1% growth over 12 months, Arval retained its No. 2 European ranking in the corporate vehicle full service leasing. Its market share, measured on the basis of its financed fleet in its countries of operation, amounted to 8.6% at end-2009.
Due to the crisis and the extension of current contracts, its new vehicle registrations dropped by 32%. Vehicle sales only grew by 2% compared to 2008, while the fleet management business fell from 86,000 to 73,500 units, a 15% decline against 2008. Its managed fleet stood at 681,500 vehicles at end-2009.