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.

Broker News Newsletter 4 February 2025
Catch up on the latest leasing broker news in the 4 February 2025 Broker News newsletter

VW, Peugeot and BYD the big winners in January’s new car sales
The overall January 2025 car registrations fell 2.5% against last year but the performance of Volkswagen, Peugeot and BYD stood out.

Funder Alphabet wants Government to raise the EV Expensive Car Supplement threshold to £60,000
Alphabet wants the Government to raise the level of the Expensive Car Supplement for EVs to £60,000, rather than the planned £40,000.

Wessex Fleet powers relaunched AA Lease website
Wessex Fleet Solutions has been chosen to power the relaunched AA Lease website, with 36 models available and 1,000 vehicles in stock.

Broker News Awards 2025 – booking now open
Tickets to this year’s Broker News Awards are on sale now, taking place at the Orrery restaurant in Marylebone on 03 April.

January used car market 2025 – signs of significant uptick
The January used car market shows significant improvements compared with December, says cap hpi.

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.