BNP Paribas Group today published the annual results for 2020 of its car leasing and fleet management companies Arval and Arval Luxembourg.
In 2020, Arval strengthened its position as a major player on Luxembourg’s operational lease market for company vehicles and transport solutions. Its fleet grew by 18% during the year, taking the number of leased vehicles to over 10,000.
Arval Luxembourg was again awarded the “Best Workplace Luxembourg 2020” label by the Great Place to Work institute, in recognition of the high-quality working conditions available to members of staff.
In November 2020, Arval Luxembourg strengthened its commitment to Corporate Social Responsibility (CSR) by deciding to support Reforest’Action, a social enterprise whose primary mission is to raise awareness and protect forests. As part of this commitment, the company is pledging to plant 10,000 trees in Luxembourg over the 2020-2021 planting season.
Overview of Arval Luxembourg’s solutions in 2020:
- The Arval Mid Term Rental (1 to 24-month lease) continued to prove successful on the Luxembourg market, with the number of leases signed rising by almost 25% in 2020
- Arval Luxembourg continued to draw upon its partnership with BGL BNP Paribas to promote its Private Lease via the latter’s branch network. The Private Lease is a long-term vehicle lease solution aimed at private individuals living in Luxembourg. A number of new solutions were brought to market over the course of the year to meet the varying needs of these target private clients. Particular emphasis was placed on promoting new electric and hybrid vehicles
- As part of its ongoing commitment to drive innovation on the Luxembourg market, Arval Luxembourg launched a new green transport solution designed to make it simpler for companies, municipalities and individuals to access electric and hybrid vehicles.
For the price of a monthly lease payment, this solution includes operational lease of electric / hybrid vehicles offering technological innovations that provide drivers with ever-greater autonomy, as well as easier access to electric charging infrastructure through the installation of charging points located on company premises or at drivers’ homes.
Moreover, Arval Luxembourg launched Arval Easy Travel in the second half of 2020. This solution enables drivers to occasionally swap their main electric vehicle for a vehicle with an internal combustion engine when needed.
Véronique Bourgois, Managing Director of Arval Luxembourg, commented: “The results achieved in 2020 amid one of the most challenging health crises ever seen vindicates the strategic direction we adopted several years ago: our teams’ unfailing support for clients and the flexibility of our services proved particularly beneficial in terms of client satisfaction. Guided by the Arval Beyond strategy, we will rely on the high-quality service offered by our Luxembourg-based team and our expertise in green transport solutions in 2021”.
