Broker News Newsletter 10 October 2023

All change at the top

Will we look back on 2023 and see it as a passing of the guard? Tano Di Girolamo (above right) departing Bridle; Newable’s takeover of Synergy signals the end of Paul Parkinson (above left) in the sector; established broker personalities exiting stage left. I think perhaps we will. And of course we’ll miss those big personalities. But the great aspect of the leasing broker industry is one of continuing reinvention, constant renewal and new life to the market.

Market shows signs of change

Are the market’s dynamics changing? Is agency not quite the magic approach OEMs had thought? Mercedes has used heavy discounting to shore up its sales – and Leasys tells me it now has Mercedes vehicles on its stock for brokers to access.

Meanwhile, retail shows some flickering signs of life which will be welcomed by PCH brokers. Our new series of features with Leasing.com will keep a ‘temperature check‘ on the retail market each month. Current status: tepid (but warmer than August).

Ralph Morton, editor