Broker sector looks to thrive on new acquisitions and funders

The leasing broker sector may be undergoing significant challenges at the moment, but you can’t help feel that at the end of this year the market will be stronger and fitter as it matures. Congratulations first of all to Tilsun for its acquisition of Glasgow broker First Vehicle Leasing, something of a full circle for MD Andy Bell.

And welcome to Drivalia as the funder enters the broker market looking for new broker partners for an ambitious programme of growth. 

2023 has only just started – but it’s looking fun already!

Britishvolt calls in administrators

Just as we were going to press came news that the proposed gigafactory in Blythe, Northumberland, has gone into administration. More details here: Britishvolt goes into administration.

Ralph Morton, editor

Key stories this week

  • Tilsun buys First Vehicle Leasing – read our story here.
  • Drivalia: a new funder for the broker market – story here.
  • New car supply beginning to ease; Tesla drops prices – read analysis here.
  • Arval invests in 10k solar electric vehicles – read the story here.
  • Greg Taylor: new managing director of Citroen – read the story here.
  • Read the full Broker News Newsletter 17 January 2023 here.
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