Broker volumes for car and van leasing grew to 179,935 units in the first six month of 2015, up 10% from the end of 2014, according to a poll of funders by the British Vehicle Rental and Leasing Association (BVRLA).
Over this period car contracts with leasing brokers grew by 7% to 129,370 units, while van leasing contracts rose by 16% to 50,565 units.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Contract hire’s share of the car market stood at 58% of the total fleet, some 75,059 vehicles. Personal contract hire accounted for 43,270 vehicles (33% of the fleet) and was responsible for 44% of new car contracts in the first half of 2015.
In van leasing, the proportions of new contracts remained relatively stable; contract hire accounted for 71%, while finance leases made up 34%.
Commenting on the figures, the BVRLA’s leasing broker committee chairman Mike Potter, said: "The leasing broker sector continues to grow in both size and professional ability. It is great to see that BVRLA brokers are providing more and more small and medium-sized businesses with access to affordable vehicle finance."
"At the same time, we are continuing to work with the Financial Conduct Authority to improve processes, offer more transparency and provide an even greater customer experience."
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
