Kwik Fit, the UK’s largest automotive maintenance and repair company, has announced the agreement of a major deal with Lex Autolease, the country’s biggest vehicle contract hire and leasing provider.
The six-year agreement, covering tyre and associated services, is the largest deal by value and forecast tyre volume which Kwik Fit has ever secured with a major contract hire and leasing company.
The milestone agreement will see Lex Autolease, which operates a fleet of almost 360,000 company cars and vans, buy well in excess of one million tyres during the lifetime of the contract. The deal covers both fitment carried out in Kwik Fit’s nationwide network of more than 600 centres and also by its 200-strong Mobile fleet.
The multi-million pound contract is one of the most valuable deals of its type in the history of the fleet industry and also includes undertaking vehicle servicing and MoTs – Kwik Fit already completes 50% of required MoTs on the Lex Autolease fleet.
Having gone live on January 1, the agreement will extend to almost 30 years the sole-supply arrangement between the two organisations, on top of an initial relationship that began in the 1980s.
The contract won following a rigorous and lengthy competitive tender process, further underpins Lex Autolease’s policy of building long-term, robust partnerships with key suppliers. Two years ago Kwik Fit was named Fleet Service Provider of the Year by Lex Autolease at its annual Supplier Conference.