Intended to complement the firm’s ‘very-long-term’ lease product, the new Mid-Term Rental solution is being launched in the UK, Spain and the Netherlands – said to be countries that need more specialist lengths for rental agreements – with further markets to follow. The product enables firms to lease vehicles for a period of 1 to 24 months, available the very next day following an order.

The firm said that Arval Mid-Term Rental is the only medium-term lease offer that has been structured and developed on a European scale, adding: ‘Arval thus becomes the only corporate car-leasing company that covers all leasing periods, from one to 60 months and above.’

Philippe Noubel, Arval Deputy CEO, said that the firm intends to manage roughly 10,000 cars in three years under these terms but added that this is only an idea.

In addition, Arval is rolling out its Driver Solutions in all its main markets. The product is intended to take care of the day-to-day direct relationship with drivers and offers fleet managers structured solutions to help with administration and strategic management. The solution is based on three pillars of advice to propose an implementation plan, a service level agreement based on key indicators and a contractual reversibility agreement that can be activated at the customer’s request.

Meanwhile Arval is also speeding up its investments in telematics and will start rolling out a uniform offer in all of its subsidiaries, with a strong emphasis on data privacy. The firm added that: ‘Not only is it [telematics] an important lever to optimise fleet management both in terms of TCO and from an environmental prospective but it is also a way to get drivers directly involved and influence their driving behaviour.