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Leasys Accelerates Growth with Record Results
Leasys, the joint venture between Stellantis and Crédit Agricole, has concluded 2024 on a high note, posting remarkable growth driven by strategic consolidation and innovation. Achieving 243,000 contract activations, the company has seen an astounding 87% increase year-on-year, indicating robust demand across its service offerings. This growth is particularly pronounced in the light commercial vehicle (LCV) segment, where contracts tripled, and a 50% increase in contracts for electrified vehicles reflects a seismic shift towards sustainable mobility solutions.
A Year of Expansion: Figures and Forecasts
Leasys's progress is underscored by its management of a fleet of 906,000 vehicles, marking a 4% growth against the previous year and moving closer to its target of one million vehicles by 2026. Total earning assets surged to over €10.2 billion, a growth of 36% compared to 2023. The financial health is further supported by a Gross Operating Margin reaching €388 million, reflecting a steady 12% increase. With controlled operating expenses, Leasys has successfully maintained a Cost-Income Ratio of 51%, indicating fiscal discipline even amid rising costs.
Digital Transformation and Customer Experience
Leasys has made significant strides in enhancing customer experience through technological advancements. Initiatives like the launch of the Leasys e-Store—a fully digital marketplace for low-emission vehicle rentals—have not only simplified rental processes but also empowered customers with self-service options. Additionally, the relaunch of My-Leasys, which aids fleet managers in monitoring their vehicles, further exemplifies the company’s commitment to digitalization, enabling smarter, more efficient fleet operations.
Future Strategies for Sustainable Mobility
As the automotive landscape evolves, Leasys is poised to lead the transition towards sustainable mobility. The introduction of innovative products like e-Move, providing comprehensive rental solutions for electric vehicles, demonstrates its dedication to reducing carbon footprints while enhancing user experience. Additionally, Leasys is actively fostering a circular economy with initiatives like RE-USE that facilitate the re-rental of electric vehicles, representing a forward-thinking approach to sustainability.
The People Behind the Growth
With a team of 1,380 employees in 11 countries, Leasys values employee engagement as a cornerstone of its operational strategy. The organization encourages a collaborative culture and prioritizes work-life balance, ensuring that its workforce is motivated and invested in the company's mission. As the firm continues to grow, it remains committed to nurturing talent and maintaining open lines of communication within its team.
CEO Rolando D’Arco stated, "2024 has underscored our adaptability and commitment to innovation in a continuously shifting market. As we look toward 2025, the focus will be on enhancing customer experiences further while solidifying our leadership position in long-term rentals and sustainable mobility."
Concluding Thoughts: The Road Ahead
The results of Leasys in 2024 reinforce its status as a key player in the automotive industry. The company’s ambitious initiatives and strategic growth plans position it favorably for continued success in the upcoming years. Auto dealer owners and industry stakeholders should be keen observers of Leasys's trajectory, which may pave the way for emerging trends and competitive strategies in the rapidly evolving marketplace.
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