BVRLA business fleet leasing sector (including business contract hire and finance lease) for both cars and vans is 1,254,000 which is down 6.7% year on year.
The size of the BVRLA business fleet leasing sector reduced by 6.7% year-on-year in Q4-2018, with a 10.9% reduction in the number of cars and an increase of 4.3% in the number of LCVs.
This marked the fourth consecutive quarter that a market decline has been reported with the total BVRLA business leasing fleet size for cars and vans now at 1,254,000.
Personal contract hire rose by 24% year-on-year, partially offsetting the impact of a 10% drop in business contract hire during the same period. PCH now represents 25% of the BVRLA car fleet.
As well as seeing a growth in demand for PCH, BVRLA members are also seeing a substantial shift in fuel type as new registrations of petrol cars have now exceeded diesel. This picture is in stark contrast to only four years ago when diesel cars outnumbered petrol by three-to-one.
The progressive introduction of the Worldwide Harmonised Light Vehicle Test Procedure (WLTP) is pushing up reported average CO2 emissions for the BVRLA member total fleet and new registrations, as the market share of cars with NEDC correlated figures increases.
BVRLA members can access a full version of the report.