Established in 1967, the British Vehicle Rental and Leasing Association is the trade body for companies engaged in the leasing and rental of cars and commercial vehicles.
Its members provide short-term self-drive rental, leasing hire and fleet management services to corporate users and consumers. The sector employs around 53,600 people and supports a further 317,000 jobs across the wider automotive industry in the UK.
BVRLA members operate a combined fleet of around 4.5 million cars, vans and trucks, and purchase around 80% of UK-manufactured vehicles sold in this country. In total, through its direct operations, the vehicles it purchases and its activities in dealerships and the used car market, the vehicle rental and leasing industry contributes an estimated £24.9bn to the UK economy.
Through its 800+ member companies and their customers, the BVRLA represents the interests of more than two million drivers of business cars, vans and trucks, as well as the millions of people who use rental vehicles each year.
It lobbies at the heart of government in the UK and EU to ensure that regulation and legislation affecting its members is fair and doesn't stifle competition. The BVRLA also works with public sector agencies, industry associations and key business influencers on key road transport, taxation and finance-related issues.
The association regulates the industry through a regular series of quality assurance inspections and a mandatory code of conduct.
The full Oxford Economics report is available to read online.