LEASYS continues its rapid success as a growing leasing provider with a move up to 16th in the FN50 table of leasing companies.
The broker funder says four successive years of growth has seen it rise 15 places in the rankings.
The Leasys fleet now numbers 16,431 vehicles, a 23% increase year-on-year.
A combination of its leasing broker channel and innovative new products has been behind the successful increase in its fleet, the company said.
We have seen our order intake from brokers grow by 35%, assisted by better processes thanks to a new front end office and a variety of functionality improvements that have boosted processing speed. In addition to more broker sales, we have also enjoyed wider broker engagement, witnessing a 15% increase in the numbers of brokers who now have direct Leasys terms.Sebastiano Fedrigo, managing director, Leasys UK
Fedrigo also pointed out that consumer facing launches had assisted its fleet growth. This included the pay-as-you-go Leasys Miles product which had been successfully rolled out across several models in the Fiat 500 range. He added:
“The ability to adapt to a rapidly changing marketplace has been a key element in our continued growth in 2020. While this year has had its share of challenges, Leasys has been able to adapt its offering and support our customers and retailers by introducing innovative new products.
“This unprecedented year has seen us introduce Job Loss Protection, to give customers greater peace of mind when leasing their new vehicle. And with Leasys Miles we have reinvented the traditional car lease model to offer customers an affordable way to access some of our most popular vehicles, by simply paying proportionally for how far they drive.
“2020 has also seen a greater focus on how we work with our retail network, which will culminate in the introduction of two new products before the end of the year, including Clickar the proprietary online auction website where the network can purchase our vehicles for no fees online. These will make sourcing used vehicles from Leasys easier than ever before and will set us up for an even stronger start to the new year.”
Leasys is the contract hire division of Fiat Chrysler Automobiles Bank (FCA Bank), the captive funder for the Fiat, Abarth, Alfa Romeo, Jeep, Fiat Professional and Maserati brands in the UK.
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.