Research

Q1 2018 Quarterly Leasing Survey

The BVRLA has published its latest Quarterly Leasing Survey results, showing that the overall car leasing market shrank for the first time since BVRLA started compiling this survey in 2014, with the total fleet leasing sector for cars and vans at 1.329m, a fall of 16,000 on the same period last year.

The fleet leasing market for cars (Contract hire and Finance lease only) continues to shrink, down by 4% year on year. It now stands at 948,000.

Total car leasing (all leasing types) fell by -1% year-on-year compared with a growth of 2% in Q4 2017 and a growth of 11% in the same period of 2017.

PCH grew by 14% in Q1 2018 but the growth rate continues to decline.  The growth rate for PCH in the same period last year was 42%.

The LCV market continues to grow year-on-year, but the pace of growth has slowed from 15.3% in Q1 2017 to around 6.5% in Q1 2018.

The BVRLA car fleet remains substantially cleaner than national averages.  Average emissions for the BVRLA total fleet are 112.6g/km CO2, representing a year-on-year fall of 0.5g/km across the car fleet.

Avg CO2 for the BVRLA lease car fleet have now remained static for the third quarter in a row, at 112.6g/km CO2. This is reflective of the growing market share of petrol and personal contract cars, both of which have higher average CO2 emissions than diesel vehicles.

BVRLA members’ average CO2 emissions of new registrations fell to 112g/km CO2, which is 9% below the national average for all new cars, which rose to 122.5g/km.

The proportion of diesel cars on fleet continues to decline.  Under three quarters of the BVRLA total fleet are now diesel (71.7%) which represents a year-on-year decline of 3.9%. For new car registrations 54.9% are diesel, a year-on-year fall of 12.1%. 

The new registration substitution is from diesel to petrol which is up from 31.7% in Q4 2017 to 35.6% in this quarter.

This quarter we have started to monitor the van fuel type.  99.1% of the LCV fleet is diesel, with 98.5% of new registrations also using diesel fuel.

New deliveries of electric vehicles increased this quarter from 9.0% to 9.6%.  A small change but up from 5.6% in Q1 2017. 

To find out more contact BVRLA Research & Insight Manager, Phil Garthside.

 

Publication Date: 
Wednesday, June 20, 2018