In June 2024, EU car registrations increased by 4.3%, driven by gains in three out of the region’s four major markets: Italy (+15.1%), Germany (+6.1%), and Spain (+2.2%).
In contrast, France saw a decline of 4.8% last month but the registrations of BEVs accounted for 14.4% of the EU car market, down from 15.1% the previous year while hybrid-electric vehicles increased their market share, growing from 24.4% to 29.5% and the combined share of petrol and diesel cars fell to 47.1%, down from 49.6%.
Facing rising premiums isn’t new to fleet managers. Vans and commercial fleets are more expensive to insure than domestic cars and higher premiums are more common due to greater risk factors.
While there might not be a time-specific ‘sweet spot’ like with individual vehicles, the earlier you start to think about renewing your fleet insurance the more likely you are to get a better deal as you can get the policy that’s best-suited for you and this gives you a chance to review your existing plan in detail and compare the costs of other providers allowing you to choose a better deal, according to LeasePlan Insurance.