Nationwide back to pre-Covid levels

KEITH Hawes, director of Manchester leasing broker

Nationwide Vehicle Contracts, told us that order take since the start of 2022 has been “phenomenal – the last two weeks especially have been huge” with pure EV orders in excess of 12%.

Keith went on to say that the last few weeks has seen the broker return to pre-Covid levels of sales. “It’s remarkable really,” continued Keith. “Prices are higher, there’s not as much stock available and lead times are for many brands stretched. What we have observed is that where some OEMs have restricted supply in the broker/fleet channel, drivers have jumped into other products they are happy to lease and that represent good value for money. 

“Our partner leasecos are very positive about this year and they are certainly helping us to remain competitive, despite those retail price rises – we would like to thank them for being such great supporters during what has been a challenging period.”

Nevertheless, Keith admitted supply was still an issue –  “but there was some light at the end of the tunnel with many OEMs – we are now securing more stock and pipeline vehicles and visibly marketing these on our website.

“While it would be ideal to deliver vehicles in our significant order bank more immediately – I think customers are beginning to understand now that they can’t simply phone someone else up for a vehicle and get it more quickly. Many of their first-choice vehicles don’t physically exist. They are now mentally prepared for much longer lead times – at least for now.” 

Keith added the company was about to celebrate 20 years in business this April.

“Given what we have experienced since March 2020 I am delighted to say that we have come out of the other side in great shape and motivated to meet the challenges for many years to come.”