Challenging market conditions sees decline in PCH, growth in BCH

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 leasing broker fleet has fallen marginally by 0.6% in the 12 months to June 2023, but remains above 400,000 vehicles. The overall fleet size was supported by growth in the number of business contract hire (BCH) car contracts, but a decline in both the number of PCH car contracts and vans means the overall fleet is smaller than this time last year.

The biannual Leasing Broker Survey contains data for July 2022 to June 2023.

Read or download the report: Bi-annual Leasing Broker Survey June 2023.