The semiconductor crisis affects corporate fleets less than automakers

Factories in technical unemployment, blind schedules and a shortage of production of several million vehicles… You are missing a tiny electronic chip and all car production is stopped. However, while the semiconductor crisis is having an impact on car sales, it does not appear to be holding back corporate purchases. In September, the share of fleets in car sales rose to 56.6% of registrations in France.

As for the decline in sales, it is less pronounced on the business side. Excluding the sluggish sales statistics for 2020 from any comparison, we see that, between 2019 and 2021, the automotive market shows a nine-month decline of -20.3%, when the business market alone shows a decline. by only 7.8%. As the AMO observatory notes, “At the end of September, with 600,930 registrations over nine months, only 51,216 units were missing from the business market for it to return to its level of 2019”.

Restarting the activity

As for company fleets, activity has restarted and investments in rolling stock continue. This is particularly the case of SMEs for which the wave of bankruptcies expected in the wake of containment and the health crisis did not occur. As noted by its CEO, Stéphane Crasnier, “The lessor Alphabet has never done so well as this year. In terms of new vehicle order intake, we had our best year, and we also recorded a record year in used vehicle resale. As usual, long-term rental goes well with the crisis and its collateral effects linked to the shortage of new cars ”.

This shortage of electronic components has an impact on manufacturers in terms of lengthening delivery times and on their distributors, who cannot deliver to their customers. “For our customers, explains Stéphane Crasnier, this results in postponements of orders for new vehicles. To meet their expectations, we are therefore using our medium-term rental offer, and we are promoting our car-sharing solutions. “
Jérôme Conrad, president of LeasePlan France, notes the same situation. “With regard to our customer portfolio, we achieved a record first half-year. During this period, long-term rental has established itself as a resilient, flexible and flexible product, able to adapt to the needs of our customers. And to meet these needs, in 2022 we will launch a mid-term car rental offer for periods ranging from one to twenty-four months. “

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