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The popularity of company-provided electric vehicles saw the BVRLA’s leasing fleet grow 1.4% in the last 12 months, offsetting lower demand for vehicles on personal lease agreements and vans. The association’s latest Leasing Outlook report shows that salary sacrifice continues to drive growth in the sector, it is up 51% and sustaining the UK’s transition to cleaner, greener models. 

The Financial Conduct Authority (FCA) has confirmed the details and timings of its consultation on extending the time motor finance firms have to handle commission complaints. The consultation was announced last week and requests responses by 5 December 2024.

The imbalance between personal and business demand is growing, according to the latest BVRLA Leasing Broker report. Presenting data to December 2023, the report shows PCH and BCH going in opposite directions, resulting in a net decline in the overall Leasing Broker fleet size.

The split between business and private demand for new vehicles is becoming a gulf, with the BVRLA’s latest Leasing Outlook report showing the two market segments moving in opposite directions.

The BVRLA Leasing Outlook report combines the aggregated market data and insight of experts from across the sector to provide an unrivalled perspective of what is happening to the market and where it is heading.

Vans and Business Contract Hire have helped push the BVRLA leasing fleet to a six-year high, recording 2.2% year-on-year growth to approach levels last seen in Q4 2017.

According to the latest figures, the BVRLA leasing broker fleet sees personal contract hire (PCH) volumes under pressure, but this decline is alleviated by growth in business leasing. The toughening economic climate means new registrations are down, but overall fleet size is holding up because of the number of contract extensions.

The BVRLA leasing fleet has returned to levels last seen in 2018, despite growing concerns over used electric vehicle values in a consistently volatile market. That is according to the BVRLA’s latest Leasing Outlook Report, which quantifies the sector’s transition to electric models.

The BVRLA leasing fleet has returned to levels last seen in 2018, despite growing concerns over electric vehicle values which continue to create a volatile used market. That is according to the BVRLA’s latest Leasing Outlook Report, which quantifies the sector’s transition to electric models.

Rob King, Police Liaison and Business Development Manager at Legate Group Limited looks at finance agreement related crimes and the likelihood of them rising in the current economic climate.