The BVRLA has published its latest Leasing Broker Survey results providing an overview of the fleet and key trends in the last six months of 2021.
The car fleet grew 6% year-on-year during 2021 to 298,497. With new car contracts rising by 24% following last year’s decline. Sales reached 96,896, which is 12% higher than the pre-pandemic highs achieved in the second half of 2019.
PCH is the main driver of growth, accounting for 63% of contracts overall, compared to BCH which represented 35% of the fleet in H2 2021. Alongside this, new contracts grew strongly for both BCH (+29% to 32,432 vehicles) and PCH (+26% to 63,095).
Away from cars, the LCV broker fleet represents 26% of the total broker fleet and grew 3% year on year in 2021. BCH customers represented 67% of the van fleet, while finance lease customers accounted for 25% of the fleet in H2 2021. Demand for BCH is falling though, representing 53% of orders, compared to 59% in H2 2020 and 68% in H2 2019.
Against this, demand for PCH increased significantly in 2021. New van contracts for PCH rose 45% year-on-year to 8,463. BCH rose by 1% to 16,825 over the same period.
