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Asset Alliance Group invests £100 million in new vehicles

Commercial vehicle finance specialist, Asset Alliance Group, is acquiring more than 1,400 new vehicles worth more than £100 million this year in pursuit of its ambition to have the youngest contract hire and leasing fleet in the UK.

The confirmed order includes 935 tractor units and rigids, 400 trailers and 60 light commercial vehicles from truck OEMs DAF, MAN, Mercedes-Benz and Scania, and trailer manufacturers Chereau, Dennison, Krone and Montracon.

The latest vehicles, which will be delivered throughout 2022, take Asset Alliance Group’s contract hire and leasing fleet to more than 5,000 vehicles.

Asset Alliance Group’s contract hire and leasing sales director Paul Wright says: “Being able to support the transport industry with a strong supply of high-quality multi-brand trucks and trailers is at the heart of what we do. We take pride in being able to give our customers exactly the assets they need, when they need them, which is why we put so much focus on long-term planning and large orders.

Soaring demand for new assets from Asset Alliance Group’s growing contract hire and leasing customer base has also boosted the company’s used truck and trailer sales team who are able to allocate vehicles for sale in advance of them returning from contracts.

Brian Kempson, used truck and trailer sales director, explains: “As we deal with the entire lifecycle of vehicles, our used truck and trailer team has good visibility of supply which means we can have early conversations with operators looking to extend their fleets with used vehicles.

Asset Alliance Group is now in its 12th year of trading as a finance and leasing business.

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