2017 Leasing Broker figures

The BVRLA has published its latest Leasing Broker survey which shows that members had a total of 287,683 vehicles in contract at the end of 2017, up 10% on the same period of 2016. 

Last year saw the sector add 98,129 new contracts.

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).

BVRLA Christmas opening times

The BVRLA closes for the Christmas and New Year break at lunchtime on Friday 22 December and re-opens the morning of Tuesday 2 January 2018.

The next issue of the BVRLA Weekly Update will be published on Monday 8 January 2018.

The team at the BVRLA would like to thank members, partners, suppliers and all those who have supported the association’s work throughout 2017.

Merry Christmas and Happy New Year!

Early introduction of the London Ultra Low Emission Zone (ULEZ) will punish fleets

The British Vehicle Rental and Leasing Association is disappointed that commercial vehicle operators have not been given enough time to prepare for the early introduction of the Central London Low Ultra Low Emission Zone on 8 April 2019.

Commenting on the Mayor’s announcement BVRLA Chief Executive Gerry Keaney said:

“The ULEZ will now come into effect seventeen months earlier than originally planned and many commercial fleet operators will face a big financial challenge in trying to upgrade their vehicles ahead of schedule.

Regime change afoot for FCA-regulated firms

The Financial Conduct Authority (FCA) is tightening up its rules, replacing the current Approved Persons Regime with the Senior Managers and Certification Regime (SM&CR). The regime has already been operating in the banking sector for some time and will next year extend to the financial services sector.

This change will affect all FCA-regulated firms including non-UK firms with permission to carry out regulated activities in the UK, and it will focus on three key areas:

1. The Senior Managers Regime
2. The Certification Regime
3. Conduct Rules

Oxford aims to have the world’s first Zero Emission Zone by 2020

Oxford’s City and County Councils have announced their intention to introduce a Zero Emission Zone in the city by 2020, which will prevent all petrol and diesel vehicles from entering parts of the city centre.

Under the proposals, only electric vehicles will be permitted within the Zone from 2020, and plans include expanding the zone to include the entire city centre from 2035.

Birmingham seeks input on clean air zone plans

Birmingham City Council is looking for business input as it undertakes a feasibility study exploring the best ways to address air quality. It is particularly interested in the views of local businesses that rely on logistics and whether they have the potential to reduce the associated emissions from this. Birmingham is canvassing opinions via an online survey, which closes on 9th October and can be found here.

Industry calls for action to regulate clocking

The Department for Transport (DfT) has this week published the outcome of a consultation which included a question about ‘clocking’. 

The consultation, titled ‘introducing roadworthiness testing for fast tractors used for haulage and other technical changes to vehicle testing legislation’ did not contain specific proposals to address odometer fraud (clocking) but sought stakeholders’ views on the issue.

Rental vehicles and terrorism

The BVRLA and its members continue to work closely with law enforcement organisations and government departments on security matters relating to our industry. This follows a spate of terrorist attacks during 2017 where rental vehicles have been used as weapons to injure and kill innocent people across the UK, Europe and beyond.

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