Fleet Management in South Africa 2015

Feb 25, 2016, 18:52 ET from ReportBuyer

LONDON, Feb. 25, 2016 /PRNewswire/ -- Fleet Management in South Africa: This report focuses on the fleet management sector, a highly competitive sector, where players vie to manage the fleets of corporations and government agencies. An estimated 11% of a total vehicle population of 11.5 million vehicles are lease passenger vehicles and approximately 70% of all new cars purchased are for the corporate market. ;

A competitive Environment: Of South Africa's corporate fleet of 1.3 million passenger cars, an estimated 100,000 vehicles are on a full management leasing (FML) arrangement. While this figure remains low in comparison to international standards, there is a growing market awareness of the need for fleet management products and services. Companies are expected to provide integrated systems which encompass all aspects of managing a fleet, including the provision of finance, driver management and training, maintenance of the vehicles, the payment of fines, and e-toll administration. ;

Challenges and Opportunity: With fleet operating costs currently increasing at 12% per annum a year and input costs expected to increase as a result of the fall of the Rand, fleet management companies are considering the acquisition of companies essential in the value chain, as well as the implementation of cost-cutting strategies. Expansion into sub-Saharan Africa is viewed as a promising opportunity as there is less competition and the promise of good returns.;

Report Coverage: The Fleet Management report details the current state of the sector, recent corporate activity and contracts awarded, and factors influencing the success of the industry. The report also profiles ten players in the market, including the seven main companies that offer FML services: Absa Vehicle Management Solutions; the Barloworld subsidiary, Zeda Car Leasing t/a Avis Fleet Services; Bidvest Bank; Eqstra Fleet Management, the product of an Imperial unbundling in 2008; FleetAfrica, which is part of SuperGroup; Imperial Fleet Management, the result of a joint venture between Imperial and Wesbank in 2010; Standard Bank Fleet Management; and Wesbank.
Download the full report: https://www.reportbuyer.com/product/3630064/

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