ALD | LeasePlan Releases its Strategic Plan and Financial Objectives to 2026
ALD | LeasePlan intends to introduce their new combined entity by the end of 2023, the result of ALD's acquisition of LeasePlan earlier this year. The goal in uniting the brands is to leverage the strengths of each and create one formidable player in the mobility sector.
Calling the strategy "PowerUP 2026", the new singular entity hopes to reconfigure the future of mobility with priorities focused on: Clients, Operational Efficiency, Responsibility, and Profitability.
In addition, the new ALD | LeasePlan entity is looking forward to a robust return to new car production in Europe beginning in 2024, foreseeing a reduction in supply and logistic chain challenges which have hobbled the industry. Further, the acceleration in EV production is also enhancing optimism in the market.
To read the detailed press release, click here.
Top 3 Reasons To Rent Fleet Vehicles
By Tanner Lee, Kingbee
The most effective fleets are able to adapt when uncertainties arise.
When economies are in flux, a rental contract keeps your costs steady. Rental vehicles stay off the balance sheet, giving you more borrowing power to invest elsewhere.
Van rentals not only eliminate the potential cost of down vehicles, they also increase your opportunity to generate revenue by taking on more projects.
Kingbee work-ready van rentals complement your current funding strategy and offers a third avenue for funding vehicles, alongside leasing and purchasing.
Dollar General to Grow Private Fleet to 2K Trucks by Year’s End
Growing its private fleet is part of Dollar General’s overall strategy to reduce costs and gain more operational control of its supply chain by expanding its distribution network and relying less on third-party carriers.
The company has steadily grown its private fleet since its launch in 2016. The company aimed to reach 2,000 or more tractors by early 2024.
Dollar General said that while its investments intended to improve its supply chain might negatively impact its operating profit, it would strengthen the retailer’s position to drive growth.
ESFI Releases Consumer Electric Vehicle Survey Results
The Electrical Safety Foundation (ESFI) recently surveyed electric vehicle (EV) owners to gauge their understanding of EVs and electric vehicle supply equipment (EVSE), or EV charging stations and chargers.
“Older homes may not be able to safely handle EV charging without overloading the home’s electrical system,” said ESFI President Brett Brenner.
When respondents were asked about preparing their homes for EVs, 63% said they scheduled a home inspection before EVSE installation, while 54% needed an electrical panel upgrade.
AlixPartners Survey Places Specific Values on ADAS Features
For dealerships with high-line vehicles and other late-model inventory that have advanced driver-assistance systems (ADAS) features, a survey and report released on Thursday by global consulting firm AlixPartners put specific dollar figures on how much consumers value that equipment.
According to the Society of Automotive Engineers (SAE), these features range from Level 1 such as collision warnings to Level 4/5 that include full control of steering, braking and emergency autonomous driving.
Those with prior ADAS experience are 12-52% more likely to endorse and expect these features, according to AlixPartners research.
