The Fleet Vehicle Leasing industry has struggled over the past five years in dealing with an exodus of clients. The resources boom was not enough to hold back the economic pressures of the global financial crisis. The downturn resulted in businesses reducing their demand and exiting long-term lease contracts when they ran out, which often occurred in 2010-11 and 2011-12. In addition, large wealthy mining and resources companies are inclined to directly purchase and alter entire fleets of vehicles rather than commence leases. Consequently, industry revenue is forecast to decline by a compound annual 1.5% over the five years through 2014-15, to total $2.4 billion.
Participants in the industry lease vehicles to corporations, small businesses and government institutions, including novated leases. Fleet vehicle leasing companies lease all forms of automotive vehicles, including passenger cars, trucks, SUVs, vans and buses.
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.