The H1 2019 BVRLA leasing broker statistics shows a growth of 12% compared to H1 2018 and a 2% growth of H2 2018. The growth is almost entirely due to growth in personal contract hire (PCH) for cars (+23%) and business contract hire (BCH) for vans +(16%)
The total number of contracts at the end of June 2019 was 338,111, a net increase of 35,699 on the same period last year. The volume of new contracts in the year July 2018 to June 2019 was 115,941, up from 108,218 achieved during 2018 calendar year.
For cars, personal contract hire (PCH) continues to dominate, representing 60% of all car leasing contracts on fleet, whilst business contract hire (BCH) was down from 40% to 36% of cars on fleet.
The number of new van contracts made in the year between July 2018 and June 2019 was 29,269. This is 1500 greater than the total number of new contracts made during the 2018 calendar year.
Other highlights include:
- 57% of the BVRLA broker vehicles on contract and 65% of new contracts are PCH. PCH grew by 23% year on year.
- 38% of the BVRLA broker vehicles on contract are business contract hire, and 33% new contracts are business contract hire. BCH grew by 1% year on year.
- 64% of the BVRLA broker vehicles on contract, and 71% of new contracts are BCH. BCH grew by 16% year on year.
- 29% of the BVRLA broker vehicles on contract are finance leases. Finance leases grew by 1% year on year.