Fleets are worth up to £19.5 billion to the UK economy every year, according to a new study out today from Sewells Research and Insight.

The figure was revealed by Sewells during an industry briefing to some of Britain’s biggest fleets, at a Fleet News Fleet200 quarterly meeting.

The average amount fleets spend on running each vehicle is estimated to be between £4,500 and £6,500 per annum, based on figures supplied by hundreds of fleet operators.

With approximately 3,000,000 fleet cars and vans on the road, the amount spent on running these vehicles is estimated to be up to £19.5bn annually. In comparison, the net value-add to the UK economy by automotive manufacturing is around £12bn each year, according to the SMMT.

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