1.0Market Snapshot
- +4%
- Growth in new car leases in 2025, to 251,353 contracts worth CHF 9.86 billion, reported by the 35 members of the Swiss Leasing Association (April 2026). The value of all cars on lease rose 7% to CHF 21.4 billion.
- 55,696
- Cars in the portfolios of the Swiss Leasing Association's fleet lessors at the end of 2025, plus 16,196 vans; they leased 16,106 new cars in 2025 (SLV).
- 135,170
- Used cars among the 251,353 new car leases signed in 2025: more than half of all car leases now finance a used car (SLV).
- 351
- Car-rental companies (NOGA 77.11) with 2,592 employees in 2024, plus 48 financial-leasing institutions (NOGA 64.91) with 1,398 employees (BFS STATENT).
2.0Industry Overview
Most Swiss company cars are leased, and the fleet business sits inside a large leasing market. The 35 members of the Swiss Leasing Association signed 251,353 new car leases worth CHF 9.86 billion in 2025, 4% more than in 2024, and had 738,342 cars worth CHF 21.4 billion on lease at year end. Brand-bound lessors owned by importers and carmakers wrote 160,858 of the new car leases, and 135,170 of all new leases financed a used car (SLV, April 2026). Fleet lessors, the specialists in full-service leasing and fleet management for companies, leased 16,106 new cars and had 55,696 cars and 16,196 vans in their portfolios, 7% more vehicles than a year earlier.
3.0Industry Health Check (SWOT)
- Long contracts with recurring monthly revenue
- Residual-value risk on returned vehicles
- Electric-fleet services: charging, energy and data
- Uncertain resale values of electric cars
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Fleet Management & Leasing business valuation in Switzerland
- Statutory Multiple (EBITDA)
- 4.0 - 6.0×
- Deal Multiple (EBITDA)
- 5.5 - 8.0×
- Market Trend
- Rising
Indicative ranges based on market research. Actual multiples vary by company size, growth, and market conditions.
8.0Regional Clusters
Zurich
60 car-rental and leasing firms (NOGA 77.11) with 1,151 employees in 2024 (BFS STATENT), 44% of the sector's jobs; Ayvens is registered here.
Central Switzerland
36 firms with 421 employees; Arval (Risch) and AMAG Leasing (Cham) are registered in the canton of Zug.
Northwestern Switzerland
34 firms with 366 employees; Auto-Interleasing is registered in Muttenz.
Western Switzerland
125 firms with 370 employees, the most firms of any region but mostly small.
Bern and Solothurn
32 firms with 155 employees; Post Company Cars is registered in Bern.
Eastern Switzerland
33 firms with 64 employees.
Ticino
22 firms with 60 employees.
Sources
9.0Frequently Asked Questions
▶How much is a fleet management business worth in Switzerland?
ValIndex's multiples table puts Swiss fleet management at 5.5–8.0× EBITDA in transactions and 4.0–6.0× EBITDA on statutory valuations. Lessors with large contract portfolios and secure funding sit at the upper end; consultants without a balance sheet sit lower.
▶What drives the value of a Swiss fleet lessor?
Buyers price: (1) the contract portfolio and its duration; (2) customer relationships and tender wins; (3) residual-value assumptions and remarketing results; (4) funding access and cost; (5) service and IT platforms; (6) the share of electric vehicles.
▶How big is the Swiss fleet and leasing market?
The 35 members of the Swiss Leasing Association signed 251,353 new car leases worth CHF 9.86 billion in 2025 and had 738,342 cars on lease. Fleet lessors had 55,696 cars and 16,196 vans in their portfolios. BFS counts 351 car-rental companies and 48 financial-leasing institutions (2024).
▶Who are the main Swiss fleet lessors?
Leading fleet lessors include Arval (BNP Paribas, more than 22,000 vehicles in 2024), Ayvens (Société Générale, formerly ALD Automotive and LeasePlan), AMAG Leasing, Post Company Cars and the independent Auto-Interleasing.
▶What are the key trends in Swiss fleet management?
Five trends: (1) continued growth of leasing; (2) used-car leasing overtaking new; (3) growing fleet portfolios; (4) European consolidation, such as Arval–Athlon; (5) electric fleets.
▶What are the main risks when buying a Swiss fleet business?
The main risks are: (1) residual values, especially of electric cars; (2) funding costs and interest rates; (3) dependence on a few large customers; (4) competition from importers' captive lessors; (5) the shift from company cars to mobility budgets. Due diligence should check the contract book, residual-value reserves, funding lines and customer concentration.
▶How is electrification changing company fleets?
Fully electric cars reached 22.7% of Swiss new registrations in 2025 (BFS). Fleets need charging at work and at home, energy billing and new residual-value assumptions, which fleet managers increasingly provide as services.
▶Where are Swiss fleet and leasing firms located?
Using BFS figures for car rental and leasing (NOGA 77.11) in 2024: Western Switzerland has the most firms (125, with 370 employees), but Zurich has the most jobs (60 firms, 1,151 employees), followed by Central Switzerland (36; 421), Northwestern Switzerland (34; 366), Eastern Switzerland (33; 64), Bern and Solothurn (32; 155) and Ticino (22; 60).