The company has reduced average labour times by 8.5 hours or 35.6% on a typical three year 60,000 mile contract. Average part cost savings were reduced by £46.60 or 15.4% over the same contract.
John Wallace, Volvo Car UK’s corporate sales and leasing manager, said: “Lowering our servicing and repair costs will have an extremely positive impact in the fleet sector, especially with contract hire companies.
To coincide with the 2008 model year, Volvo has also introduced a range of no cost specification upgrades for company motorists on its model range.
The S40, V50 and S60 receive a trim level upgrade from S to SE, the C30 receives the bi-xenon headlights pack, the C70 receives a leather upholstery upgrade and the XC90 receives a Geartronic transmission upgrade.
This specification offer replaces the Fleet Service Plan which Volvo has been running for the past three years. Vehicles already enrolled in the Fleet Service Plan will be unaffected by the new offer.
“The Fleet Service Plan has been a great success in maintaining strong residual values, but it was time to refresh our standard offer. We consulted all areas of fleet and responded to the feedback that they prefer more transparent offers and we are confident that this new specification initiative will appeal to company car buyers,” explained Wallace.