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BVRLA Chief Executive Toby Poston comments: Spend any time working in the UK’s vehicle rental and leasing sector and you quickly realise something: ours is an industry that quietly underpins enormous parts of the economy. The numbers alone tell a powerful story.
Today, BVRLA members collectively manage over 4.55 million vehicles on Britain’s roads. That includes 3.6 million cars, more than 823,000 vans and around 92,500 trucks. These vehicles are not just assets on balance sheets; they are the cars getting people to work, the vans delivering goods to homes and businesses, and the trucks keeping supply chains flowing.
Our sector is, quite literally, keeping Britain moving.
The scale of the industry’s influence only grows when you look at the vehicle market itself. The rental and leasing sector accounts for around half of all new vehicle registrations in the UK. Within that, our sector is a key pillar supporting the domestic automotive industry: BVRLA members purchase 85% of the vehicles assembled and sold in the UK.
But this story is about more than market share. Our members and their customers are leading the biggest transition facing road transport for a generation: decarbonisation.
BVRLA members already operate more than 750,000 electric vehicles, a number that increases every month. Through company car schemes, salary sacrifice, leasing and rental fleets, our industry is helping thousands of businesses and individuals make the switch to electric driving.
If the UK is to meet its net-zero ambitions for road transport, our sector will play a central role in making that happen.
The value delivered by our industry goes far beyond the tyres it puts on the tarmac. Taken together, vehicle rental and leasing activities generate £65 billion in gross value added to the UK economy each year, supporting more than 450,000 jobs across the country.
That is an enormous footprint, one that touches everything from manufacturing and logistics to finance, mobility services and the wider transport ecosystem.
A sector that important needs a strong, unified voice. That is where the BVRLA comes in.
For more than half a century, the association has been here to Champion the Sector, representing the needs of members in the corridors of power. That purpose remains unchanged today. Whether the issue is decarbonisation, taxation, vehicle supply or regulatory reform, our role is to ensure the industry’s perspective is heard clearly and constructively.
Of course, advocacy only carries weight if it comes from an industry with a strong reputation. By working to Raise Industry Standards, the BVRLA helps members build trust, integrity and competitive advantage. Through our codes of conduct, guidance, insight and compliance frameworks, we are shaping a marketplace where customers and policymakers alike can have confidence in the professionalism of our sector.
Completing our trio of priorities is our drive to Grow BVRLA Capital. This is not simply about ensuring we are financially strong enough to deliver the products, services and advocacy members need. It is about increasing the value of the BVRLA brand itself so that when customers see the logo, they immediately understand what it represents and the high standards that stand behind it.
Delivering on these priorities relies on one crucial ingredient: strength in numbers.
By bringing together businesses from across our ecosystem, we create the space for shared insight, collaboration and collective progress. At a time of rapid change, that collaboration has never been more valuable.
The UK’s vehicle rental and leasing sector quietly underpins huge parts of the economy. Our job at the BVRLA is simple. We are here to make sure an industry that important always has the voice, standards and collective strength it deserves.
