fleet car leasing market in the us 2015-2019
TRANSCRIPT
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Fleet Car Leasing Market in the US 2015-2019
The report discusses the following in-depth:
• Market Size and Forecast
• Market Segmentation
• Buying Criteria
• Vendor Landscape
• Business Segmentation
• Geographical Segmentation
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Fleet Car Leasing Market in the US 2015-2019,
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Key Trends
Technavio’s Senior Analyst says, “The emergence in the car leasing market in the US of captive finance companies that offer full banking services enables low-cost funding for these companies and facilitates their smooth operation. In addition, the provision of full banking services helps to win customer confidence and loyalty because they offer various banking products at their convenience.”
• Car leasing is a system of possessing a new or used car by paying to use it for specified time. Vendors offer a range of vehicles that customers can pay to lease for a period of time as and when required. Leasing is similar to renting a car, but the former is for a relatively longer period. It involves two parties: the lessee and lessor.
• The fleet car leasing market in the US is expected to grow at a CAGR of 4.16% during the period 2014-2019.
• Understanding the key drivers influencing the market
• Understanding the challenges faced by the market
• Activities of various stakeholders involved
• Key focus areas for the vendors
• Major trends that will shape the future of this market
• Vendor landscape and trajectory of the market
• Conclusion
Scope of The Report
A detailed analysis of each market driver, challenge
and trend isavailable in our report:
Fleet Car Leasing Market in the US 2015-2019
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Vendors
To understand the vendor landscape and for a full list of vendors view our
report:
Fleet Car Leasing Market in the US 2015-2019
ALD Automotive
Arval
ExpatRide
ALD Automotive was incorporated in 1970 and is headquartered in Bristol, UK. The company provides operational leasing and fleet management solutions worldwide. It operates as a subsidiary of the Societe Generale Group.
Arval, a fully owned subsidiary of BNP Paribas, was founded in 1989 and is headquartered in Rueil-Malmaison, France. It deals in leasing full service vehicles. It offers customized solutions ranging from employees' mobility optimization to outsourcing risks related to fleet management.
ExpatRide was founded in 2011 and is headquartered in Florida, US. The company provides car leasing and financing services for new and used vehicles. It also assists with auto insurance, and short and long term car rental services.
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Market Landscape
• Car leasing provides opportunities to commercial and non-commercial customers across the US to have access to cars, making them a safer and more fuel-efficient option than privately owned cars.
• Car leasing enables consumers to afford cars at a nominal and fixed price, which is more hassle-free than owning a private car.
• It also helps companies to provide their employees with an efficient mode of transportation at an economical price.
• At the end of the lease, the used vehicle becomes an imperative source of earning for the second-hand car market.
• The market is growing at a moderate rate.
• Economic growth in the US has accelerated urbanization and this has led to an increase in traffic congestion and a lack of parking areas for private vehicles.
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Key Buying Criteria
• Authenticity • Delivery • Price• Service
Support
Parameter Details
Technological Innovation
People aged 18-30 years are potential customers as they want to stay up to date with the latest technologies. Since they tend to change their cars frequently, leasing arrangements suit them.
Cost-effectivenessThe cost of leasing is an important parameter. Leasing terms will be attractive only if they are less expensive than the terms of loan payments.
Safety Measures Vendors should ensure the safety and security of customers by providing insurance and other related features.
Reliability of Financier
There are many sources of finance and leasing. However, banks and independent leasing companies are dominating the market. Therefore, customers are more reliant on these sources than on captive finance companies.
• Growth Forecasts?
• Market Analysis?
• Revenue Forecasts?
• Regional and Country level Analysis?
• Competitive Structure?
• Emerging Trends?
• Vendor Landscape?
• Other?
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