Fleet Growth: Bucking the Trend

Earlier this month a refreshed FN50 was released by Fleet News revealing the top 50 contract hire and leasing companies according to fleet size. Updated annually, the FN50 list offers a benchmark for the industry and its key players. Marshall Leasing has been climbing the rankings steadily over the past few years and while growth has slowed recently we've continued the upward trend again in 2012. We moved from position 28 to 27, with 5,716 cars under our care, compared with 5,570 the year before.

Unfortunately, the picture hasn’t been quite so positive across the wider industry. While a number of FN50 companies have recorded increases – some as a result of acquisitions – the industry as a whole has seen a drop in fleet numbers of 0.3%.

Times have certainly been tough for many, so with an increase under our belt this year we can feel relieved that we’ve bucked the general trend. We haven’t been following an aggressive growth strategy. In fact, we recognise that being a smaller player gives us an advantage when it comes to providing the personal service that we pride ourselves on. Still, growth of this nature is always encouraging – particularly when faced with a challenging climate. So, we’ll continue with our organic approach. Onwards and upwards, we say.