BVRLA business fleet leasing sector including contract hire and finance lease for both cars and vans is 1,338,000, 1% down on the previous quarter.
BVRLA business fleet leasing sector including contract hire and finance lease for both cars and vans is 1,338,000, 1% down on the previous quarter.
Total car leasing fleet (all leasing types) was unchanged compared to the previous quarter, with core risk products including contract hire and finance falling by 1%. Growth in Personal Contract Hire has reduced from 7% in Q2 2017 compared to the previous quarter to 3% in Q3 2017.
The LCV market continues to grow, but the pace of growth has slowed to around 1% quarter on quarter.
More members reported on the average age of their car and LCV fleets (data collected for the first time last quarter). This lead to an adjustment in the average age of a car to 24 months; and the average age of LCV is 29 months.
The average fleet emissions of new cars added to the BVRLA fleet reduced very slightly to 111.6g/km. UK government’s average fleet emissions for the quarter have not yet been published.
The proportion of low emissions (formerly VED bands A, B and C) continues to rise, all other bands remained the same or fell, except band D and F which rose very slightly.
The proportion of petrol cars added to the fleet increased by 4.8% compared to the previous quarter, replacing diesel which declined by 4.5%.
Members confidence about the economy and the fleet leasing sector remains negative, but unchanged compared to the previous quarter. Members remain positive about fleet growth but have become progressively less positive each quarter since Q4 2016. Members remain concerned about used car values but have become progressively less negative since Q4 2015.
