- Leasing broker members of the BVRLA were responsible for 232,519 vehicles on contract at the mid-way point of 2016.
- The latest BVRLA data shows that leasing brokers’ combined car and van volumes grew by 11% since the end of 2015.
- Leasing brokers’ total car volumes increased by 11% to 165,280 units. Much of this growth was driven by personal contract hire, which has seen its share of leasing broker business rise to 43% at the mid-way point of the year, up from 39% at the end of 2015. Looking at H1 2016 in isolation, personal contract hire accounted for 41% of all new agreements signed by leasing brokers.
- Meanwhile brokers’ total van leasing volumes increased by 13% to 67,239 units. In this sector, rapid market growth means that contract hire and finance lease volumes are still growing, even though contract hire's market share remains static at around 60%.
The BVRLA is the trade body for the vehicle rental and leasing sector.
By consulting with government and maintaining industry standards, we help our members deliver safe, sustainable and affordable road transport to millions of consumers and businesses.