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.
Companies in this industry lease fleets of vehicles to corporations, small businesses and government institutions. Fleet car leasing companies provide all types of vehicles, including cars, trucks, SUVs, vans and buses. Leasing options can include short-term, open-end and closed-end agreements.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.