Leasing Brokers connect at Conference

More than 140 leasing brokers, funders and supply chain partners came together in London last Thursday (6 October) for the BVRLA’s annual Leasing Broker Conference. The agenda tackled many of the key issues facing the sector, including the economy, the FCA’s new Consumer Duty, commissions, new vehicle distribution models and staff engagement and motivation.

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Paul Parkinson welcomes delegates

Paul Parkinson, Chief Executive & Founder, Synergy Car Leasing, and chair of the BVRLA’s Leasing Broker Committee, said: “It is brilliant to once again bring so many broker colleagues together. This conference gives us the chance to reconnect and discuss the issues that are having a fundamental impact on all of us.

“Leasing brokers have shown how resilient they can be in recent years, dealing with Brexit, Covid, a vehicle supply crisis.”

Kicking off the day, Parkinson shared some of the BVRLA’s latest market insights, which showed that the leasing broker fleet has grown by 2.7% this year to reach its highest level ever. Surpassing 400,000 vehicles for the first time, the association’s broker channel fleet remains at a healthy level in the face of extensive supply challenges.

The prolonged supply challenges are still presenting an extreme barrier to brokers in meeting their customers’ needs, although the impact has plateaued having peaked in March 2022 (source).

Parkinson added: “To see the fleet reach record levels is encouraging and evidence of how well the sector has evolved.”

Last week’s conference follows a programme of Consumer Duty deep dive webinars hosted by the BVRLA. Materials are now available to BVRLA members, while the association has also launched a new ‘Implementing the new Consumer Duty’ training course for leasing brokers and small daily rental companies.

View slides and pictures from the event.