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How the Coronavirus Pandemic Has Affected Fleets Across UK

How the Coronavirus Pandemic Has Affected Fleets Across UK
24/07/2020

The Coronavirus pandemic has hit every industry across the world, completely transforming the way many businesses work and there is good reason to believe it may have everlasting consequences that alter the very structures and processes under which some industries operate. Fleet management is no different. This major scientific and societal challenge has hit fleets hard, introducing both short term and longer-term impacts and new ways of working. Strategies have been shifted to adjust to working from home and circumventing travel limitations and the cancellation of industry events. Help from the Leasing Industry Leasing companies that work with fleet managers have had to make changes to mitigate the impact that Covid-19 has had on the fleet industry. From vehicles being left idle and lockdown resulting in a decrease in demand, leasing companies have had to adapt to the sudden change, and many decided to help out their customers by extending contracts and minimising cancellation charges. Some leasing companies have even provided payment holidays for the fleet sector, allowing them to defer their payments during this difficult time. This industry has been working hard to ensure the continuity of service for essential fleets, and taken into consideration the impact the pandemic has had on non-essential fleets.

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