First signs of a changing market
Having cold-shouldered fleets during high demand but scarce vehicle availability, it seems OEMs are now cozying back up to the stable and dependable fleet market channel as retail demand begins to soften. This is clearly good for vehicle-starved fleets on contract extensions, but as our analysis shows, even with agency around the corner, old habits remain. Which is no bad thing for brokers, of course.
Talking of a changing market, by the end of this year, ALD plans to have its acquisition of LeasePlan all wrapped up. We know it will create the largest leaseco in the UK. But how will it manage its dual broker channels? Something for 2023 I suspect.
Congratulations Skyfleet
Anybody who has run their own business knows it’s pretty significant to make five years’ trading…getting to 10 years makes you feel established. But 25 years? That’s some shift. Congratulations to Paul Isaacs and the whole Skyfleet team.
Ralph Morton, editor
Key stories this week
- November new car market – more push than pull? – read our analysis here.
- ALD gets greenlight for LeasePlan acquisition – story here.
- Skyfleet celebrates 25 years – read the story here.
- Navigating the pitfalls of salary sacrifice – read the story here.
- Gofor Finance demonstrates its salsac proposition at EV Show – read the story here.
- Read the full Broker News Newsletter 06 December 2022 here.
Express Vehicle Contracts named Best Independent Vehicle Leasing Company 2024 in SME UK Transport Awards
Express Vehicle Contracts named Best Independent Vehicle Leasing Company in the
SME UK Transport Awards 2024.
Optimism over Discretionary Commission Arrangements says Jonathan Kirk KC
There are three key reasons for optimism over the issue of discretionary commission arrangements (DCAs), delegates to a VRA meeting were told
Stellantis adds Chinese low-cost Leapmotor to UK brands
Stellantis will add low cost Chinese electric car maker Leapmotor to its UK brand line up in March 2025 as part of its joint venture
Fifty2One broker website business up for sale
Clitheroe based software specialist Fifty2One is offering up its leasing broker website concern for sale. Are you interested in the business?
BMW shows scorching growth in company car market
BMW is racing ahead as the company car market dominates the automotive sector according to latest SMMT stats
The Leasing.com PCH temperature check: April 2024
Leasing.com and Broker News bring you regular insight on what is moving and shaking in the PCH market. This month: April 2024
Ralph Morton is the leading journalist in the leasing broker sector and editor of Broker News, the website which provides information and news for BVRLA-registered leasing brokers. He also writes extensively on the fleet and leasing market in both the UK and Europe.