Leasing broker members of the BVRLA were responsible for 261,653 vehicles on contract at the end of 2016.
The latest BVRLA data shows that leasing brokers’ combined car and van volumes grew by 26% since the end of 2016.
Leasing brokers’ total car volumes increased by 24% to 184,779 units. Much of this growth was driven by personal contract hire, which has seen its share of leasing broker business rise to 47% at the end of year, up from 39% at the start of 2016. Looking at 2016 in isolation, personal contract hire accounted for 56% of all new agreements signed by leasing brokers.
Meanwhile brokers’ total van leasing volumes increased by 30% to 76,874 units.
BVRLA members can access a full version of the report.