In conjunction with the publication of BNP Paribas Group’s 2022 first quarter results, Arval announces strong and continued organic growth of its funded fleet (+6.5% vs 31 March 2021), reaching 1,483,317 vehicles. For that same period, 32.7% of Arval new vehicle orders were electrified vehicles (vs 27.2% on 31 March 2021), showing a clear increase in energy transition.
“In these first three months of 2022, Arval’s performance has surpassed that of the rest of the market. This is an outstanding achievement, especially considering the obstacles associated with the pandemic, new vehicle shortages, the crisis in Ukraine, and unprecedented challenges in the global macroeconomic environment”, says Alain van Groenendael, Arval Chairman and CEO.
To mitigate the impact of these challenges on its clients, especially regarding global price increases and new car availability, Arval launched “The Journey Goes On” a few months ago to assist clients in planning ahead and finding the most appropriate solution. In addition, Arval offers its clients contract extensions (when applicable); flexible leasing solutions, such as Arval Mid Term Rental and Arval Adaptiv (Arval’s subscription offer); and Arval Connect, an innovative solution to better control fleet cost and accelerate the energy transition. Moreover, Arval capitalises on its relationships with key players in the automotive sector, building on existing partnerships and creating new ones.
“The recent results from the annual Arval Mobility Observatory Barometer show that, despite our current turbulent environment, fleet and mobility decision-makers remain optimistic about the future: 94% of them expect their fleets to remain stable or grow over the next three years. We’re happy to contribute to this dynamic market and continue to demonstrate the importance of Full Service Leasing, especially in complicated times”, concludes A. van Groenendael.