Strategy

In an environment that remains complex for the automotive sector, Arval's activity growth continued during the first half of 2023 with orders increasing by 10.8% compared to the first half of 2022, maintaining the positive momentum of previous years.

PARIS, TORONTO and TOKYO, June 30, 2023 – Arval, Element Fleet Management (“Element”) and Sumitomo Mitsui Auto Service (“SMAS”), through the Element-Arval Global Alliance (“the Alliance”), today announced a tri-lateral strategic cooperation agreement. The agreement will facilitate enhanced access for global clients to full-service lease and fleet management services in the markets of Japan, Thailand, India and Indonesia through SMAS.

It’s often said that car subscription marks the birth of car usership after over a century of car ownership. But that’s not completely true. After all, car rental consists of using a car for a few days – and it was invented in the 1900s. And car leasing consists of using a car for a few years, and it’s been around since the 1930s.

In both cases, the car is usually provided inclusive of services (maintenance, insurance, tires, etc.) in exchange for a daily (rental) or monthly (leasing) fee. At the end of the agreed period, the customer returns the car to the rental or leasing company and has never owned the vehicle, just used it.

To support the growth of the bicycle market, Arval is expanding its long-term leasing offer through a partnership with the start-up Zenride, specialized in bike leasing solutions.

ChargePoint Holdings, Inc. (NYSE: CHPT), a leading electric vehicle (EV) charging network, and Arval, a leader in full-service vehicle leasing and new mobility solutions and a company of the BNP Paribas Group, today announced the signing of an international framework agreement aimed at accelerating the transition to e-mobility for international corporate clients, small and medium companies, and private individuals.

Despite the global climate of uncertainty and inflationary context, companies plan to pursue the growth of their vehicle fleets, focusing on energy transition, connectivity and new mobility solutions.

With the publication of its Sustainability Report 2022, Arval highlights how it is contributing to the United Nations Sustainable Development Goals (SDGs) and progressing with the targets of Arval Beyond, its strategic plan for 2025. On this occasion, we ask Karen Brunot, Chief Sustainability Officer, about the company’s vision for shaping a better world, and find out how it is delivering on its objectives in terms of sustainability.