Webcast ReviewsJohnson v Firstrand et al: What the auto finance ruling means for all broker-introduced business
Fleet Finance Sponsored by Auto Finance Fleet Finance News Arval sets out new 2025 business plan Published: 28th October 2020 Share Arval sets out new 2025 business planrval has announced a new business plan known as Arval Beyond, which will see the company target two million leased vehicles by 2025, 500,000 of which it hopes will be electric. The initiative also involves a planned 30% reduction in CO2 emissions from 2020 levels, maintaining its status as a carbon-neutral company, a 10% reduction in its overall accident rate, adopting broader mobility services and establishing more corporate partnerships. The latter will come under the firm’s 360° Mobility banner and comprise services such as e-bike leasing, car sharing, micro-mobility solutions and mobility-as-a-service applications. The company promised that all of its international arms will provide “alternative and sustainable mobility products or services” by 2025. It intends to offer more packaged services designed to foster the uptake of electric vehicles, such as EV and e-bike lease combos, the option to switch to a combustion-engine vehicle for several weeks per year and vehicle to grid programmes. There are also plans for a suite of connectivity facilities to service what the company claims will be an 80%-strong fleet of connected cars by 2025. These include automatic street parking payments, remote booking for car washes, in-car delivery of packages that do not require the driver’s presence and voice assistance services to find a garages or gas stations. Alain Van Groenendael (pictured above), chairman and chief executive officer at Arval, explained: “The Arval Beyond strategy is a five-year plan that encompasses this new mindset, with a strong ambition: not only strengthening our historical business model, but going beyond it to become the industry benchmark in terms of sustainable mobility solutions. “With this new plan, we are committed to delivering an integrated mobility experience for our customers, to providing them support during the energy transition, simplicity through connected and flexible products and services, and to co-building added value and innovative offers with new partners.” Asset Finance Connect Asset Finance Connect brings you news and updates about UK and European auto, equipment and asset finance providers. Sign up to our newsletter Featured Stories NewsVolkswagen Group hits highest European market share in 3 years NewsAuto Trader predicts growth of new and used car market in 2025 NewsOctober sees modest 1.1% growth in new EU car registrations Auto Finance Fleet Finance