Volkswagen has overtaken Audi as the most popular manufacturer on the Leasing.com platform, driven by the popularity of the Golf and the Tiguan.
The vehicle that attracted the most enquiries on the platform in March was the new Vauxhall Corsa, overtaking the Audi A3. As a result of the model’s popularity, the British manufacturer rose to sixth on the manufacturer chart – having previously only reached a high of ninth since January 2020.
As Britain returns to the roads post lockdown, leasing is expected to continue to rise past the 16% increase Leasing.com has already seen from March 2020 to March 2021.
Paul Harrison, head of strategic partnerships at Leasing.com, isn’t surprised by the latest figures: “Smaller, more efficient cars are on the rise as we emerge out of lockdown. This is predominantly due to cost-saving measures and the way vehicles are being used.
“Many people are downsizing and saving money where they can. With flexible working, long commutes are no longer as common, so models that have been historically popular are losing their foothold and cost-effective leasing plans are on the rise.”
The EV market is also seeing some changes. Tesla, the market leader, is losing traction in the leasing market, according to Leasing.com figures. This is due to other manufacturers making significant gains in the EV sector with South Korea’s Hyundai taking the top spot in March. However, Volkswagen is hot on its wheels: the new ID3 is gaining more and more market share through affordable offers for personal and business users.
Top 10 car manufacturers:
- Land Rover
Top 10 personal enquiries:
- Vauxhall Corsa
- Audi A3
- Volkswagen Golf
- Volkswagen Tiguan
- Volvo XC40
- Range Rover Evoque
- Nissan Qashqai
- Cupra Formentor
- Range Rover Sport
- Mercedes-Benz A-Class
Motor Finance recently spoke with Paul Harrison about how 2020 represented a tipping point towards the EV future. “If 2020 was the tipping point for BEVs, then 2021 will see their continued drive into the mainstream market,” he said.
“With all eyes on the Government’s 2030 target to phase out the sale of pure internal-combustion engines, manufacturers are releasing an array of exciting new BEV models, which offer consumers and businesses ever greater choice and the ability to find a vehicle to meet their precise needs.”