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How Lex Autolease views the potential business from SMEs

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Andrew Hogsden

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23 January 2015

Andrew Hogsden
Andrew Hogsden dissects the Lex Autolease survey

ACQUIRING new company vehicles – whether cars or vans – is seen as a key investment by SMEs for 2015, explains Andrew Hogsden, senior manager, strategic fleet consultancy at Lex Autolease.

Detailed research by Lex Autolease in its bi-annual Business In Britain survey says that almost half of the 1500 companies surveyed planned to invest in their businesses during the first six months of 2015.

The key findings were:
•    New company vehicles a key investment for SMEs
•    28% of small firms in construction planned to buy or lease a new company vehicle
•    20% of small firms in the transport sector planned to buy or lease a new company vehicle

Andrew Hogsden comments:
“It’s significant that company cars and commercial vehicles remain on SME’s shopping lists, despite a reduction in business confidence. This signals a growing appreciation of the wider benefits of investing in vehicles, such as maintaining a professional image, reducing carbon emissions by operating a more fuel efficient vehicle  as well the many other efficiency benefits of running newer vehicles.

“As cautious optimism remains the prevailing mood of the day, we expect to see an increase in small businesses opting for vehicle leasing over outright purchase as a means of managing costs and accessing the vehicles they need to grow.”

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Ralph Morton

Ralph Morton

Ralph Morton is an award-winning journalist and the founder of Business Car Manager (now renamed Business Motoring). Ralph writes extensively about the car and van leasing industry as well as wider fleet and company car issues. A former editor of What Car?, Ralph is a vastly experienced writer and editor and has been writing about the automotive sector for over 35 years.

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