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Building on the success of the Leasing Outlook series, this new report helps leasing broker members plan for the future and better understand the dynamics shaping the broker market. The report adds insight and context to the numbers, combining data with expert commentary from across the industry. It includes thought leadership and perspectives from brokers and funders, providing a rounded view of the opportunities and challenges ahead for the sector.

The leasing broker sector is seeing confidence return as EVs drive growth in the car market. That is according to the BVRLA’s latest sector report, reshaped and relaunched at the Leasing Broker Outlook.

Vehicle leasing firms are seeing customer caution seeping into boardrooms, with challenging economic conditions causing many to delay the decision to acquire new vehicles. That is according to the BVRLA’s latest Leasing Outlook Report, which shows widening gaps between Business Contract Hire (BCH, up 7.5% yoy) and Personal Contract Hire (PCH, down 3.6% yoy), as well as between cars (up 9.6% yoy) and vans (down 10% yoy).

The BVRLA's Leasing Broker Survey report for the year ending December 2024.

The leasing sector held its ground in 2024 in the face of changeable consumer confidence, growing a modest 0.65% year on year. Budgetary constraints and economic uncertainty took hold of some segments, causing demand to go in different directions between personal and business contracts, with a similar divergence between vans (volume down 10.96%) and cars (up 4.9%). 

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 vehicle rental and leasing sector is seeing its optimism and enthusiasm for 2025 shackled by tax rises on top of regulatory and ZEV Mandate uncertainty. That is according to the BVRLA’s latest Industry Outlook Report, which shows that members are expecting somewhat of a ‘Jekyll and Hyde’ year in 2025. 

BVRLA members have been subject to a handful of notable external developments in recent weeks. Events such as the Commission Disclosure ruling and the recent Budget have affected businesses across the industry.

The BVRLA's Leasing Broker Survey report for the year ending June 2024.

The leasing broker fleet has seen a slight fall compared to post-pandemic numbers but still above levels seen before 2021, according to the latest BVRLA Leasing Broker report, presenting annual data to June 2024.