The latest Leasing Broker research published by the BVRLA shows the total number of vehicles on contract is up 10% from the end of 2016 (Jan - Dec 2017) with the total number of new contracts in this period sitting at 98,129.
Total number of contracts is 287,683, a net increase of 25,573.
The sector continued to grow in the first half of 2017 but plateaued in the second half of the year. Growth is most evident in the van sector, whilst for cars growth is driven largely by personal contract hire (PCH).
The BVRLA carries out leasing broker research twice a year. It provides the industry with an understanding of the size scope and scale of the leasing broker sector. The data includes, market trends, and activity within the broker community.
To find out more contact BVRLA Research & Insight Manager, Phil Garthside.