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.
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.
One of the UK’s largest car finance brokers, CarMoney, is launching a new franchise model to help it expand
Labour plans to restore the 2030 ban on the sale of new petrol and diesel cars if it comes to power after a general election
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.