Published on November 3, 2022

The era of car ownership gone, leasing and renting advancing

The automotive world has been undergoing profound changes for some time now, which first the pandemic and then the aftermath of the war have helped to accelerate. Owning a car, whether new or of the latest generation, perhaps totally green, is now a luxury. The high costs of vehicles, maintenance, and petrol/diesel, as well as the classic costs of stamp duty and insurance, have made it increasingly problematic for consumers to afford four wheels of their own. This is according to the Autopromotec Observatory, based on the results of an elaboration of ACI statistics: in Italy, there is still a very significant proportion of old cars in circulation, which are highly polluting and lack the latest safety devices. In particular, over 8 million vehicles, or 20.3% of the total, are over 20 years old, while there are about 31.5 million (79.7%) with less than 20 years behind them. This is according to the Autopromotec Observatory, based on the results of an elaboration of ACI statistics: in Italy there is still a very significant share of elderly and polluting cars in circulation that lack the latest safety devices. In particular, over 8 million vehicles, or 20.3% of the total, are over 20 years old, while there are about 31.5 million (79.7%) with less than 20 years behind them.

This is according to the Autopromotec Observatory, based on the results of an elaboration of ACI statistics: in Italy there is still a very significant share of elderly and polluting cars in circulation that lack the latest safety devices. In particular, over 8 million vehicles, or 20.3% of the total, are over 20 years old, while there are about 31.5 million (79.7%) with less than 20 years behind them.

It is no coincidence that in recent years various fleet-sharing formulas have steadily eroded ground from ownership, even though there was a slowdown in the covid two-year period. Numbers in hand, leasing and rental – the two most popular formulas, alternatives to the more traditional ownership – are those that are most popular with users. Even in the face of declining registrations, leasing and long-term rental have maintained high penetration in Italy. In the first nine months of 2022, the number of contracts fell slightly compared to the same period last year (-2.4%), but the value of the sector jumped 7.4% to over EUR 11 billion. According to Assilea’s calculations based on Unrae data, there has been a growing interest in sustainability in the market: from January to September this year, one in four green cars was financed through leasing or long-term rental.

Considering these results, it is now necessary to support leasing and short-, medium- and long-term rental companies in the preparation of correct strategies for managing their vehicle fleets. In this sense, Viasat, thanks to its telematic applications, which are more innovative and user-friendly every day, offers tailor-made solutions to ensure companies a complete platform of services, capable of impacting their business in terms of greater effectiveness and efficiency. The objective is to significantly reduce TCO (total cost of ownership), improving the performance of their fleet, guarantee greater safety for the vehicle and its occupants, and offer new innovative value-added services.

Many solutions with one partner to meet expectations on major issues such as safety, real-time assistance, fuel control, optimal fleet management, remote telematics diagnostics and vehicle maintenance.

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