MORE of you are leasing your own vans, contributing to a 36% personal leasing rise driving the market, while business fleet van leasing surged by nearly 15% to more than a third of a million vans.

The personal contract hire (PCH) increase has had a key role in seeing the total business fleet leasing market for cars and vans growing 7.6% year-on-year to 1.35 million, according to findings from the latest Quarterly Leasing Survey carried out by the BVRLA.

Figures for Q2 2017 show that the car portion of the business fleet leasing market rose 2.4% to 979,000 year-on-year, a rate outstripped by the LCV sector which grew by 14.9% to 371,000.

Year-on-year growth for both segments has continued to slow in 2017, with the business fleet leasing segment actually shrinking by 1% compared to the first quarter of the year.

Total car leasing (all leasing types) grew by 8% year-on-year, down from 11% in Q1 2017. Much of this growth continues to be driven by the personal contract hire (PCH) segment, although growth rates here have also fallen in 2017.

The latest data from BVRLA members shows that the PCH sector grew 36% year-on-year and 7% quarter-on-quarter.

Overall, the newly registered lease car on a BVRLA member’s books still has average emissions 8% lower than the overall UK new car market.

The proportion of diesel cars in the BVRLA fleet remains static at 74.9% in Q2 2017, but has fallen 2.5% compared to the same period in 2016. Last quarter saw the proportion of new diesel registrations rise slightly to 68.1%, although this figure is 6.5% down year-on-year.

 

business fleet van leasing surge

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