ROD Lloyd, the Chair of the BVRLA Leasing Broker Committee, opened the BVRLA Leasing Broker Conference in Birmingham (01 October 2024) saying that optimism about the economy was higher with leasing brokers than it was in current CBI data.
It comes as the leasing broker fleet has dropped by 20,000 vehicles from its 400,000 figure in 2023. Rod said this represented a 5% fall for cars, and a 3% drop for vans.
This was in part to the lack of consumer demand, the impact of the ZEV mandate, while the cost of broker business was definitely rising. Nevertheless, the broker sector was still performing above pre-covid levels, Rod explained.
In the latest BVRLA data to June 2024, 64,000 new car contracts and 18,500 new van contracts were added to the broker fleet.
But against this backdrop, Rod warned of the headwind represented by EVs.
He said that EV adoption – which has reached 27% of the broker fleet – had been impacted by the fall in used values of electric vehicles and they now represented a chancier asset for funders.
“The risk to leasing brokers is that we’ll see higher rental rates in the future at a time when consumers are pushing back against the price of EVs already. The 2030 phase out represents a significant risk to us.”
As well as leading the broker committee, Rod Lloyd is CEO of the lcv group which recently celebrated 25 years of business.
Mercedes slips back into sales doldrums
Sales of new Mercedes cars are struggling.
Year-to-date Mercedes is down more than 7% in a market that’s up 3.5%.
Broker News Awards 2025 winner profiles: Novuna Vehicle Solutions, Funder of the Year
Novuna Vehicle Solutions won Funder of the Year 2025 – here’s the winner’s profile supported by Leasing.com
Stellantis vans struggle in H1
In a total LCV market is running down 12% in the first half of the year, more than half of that fall is down to the Stellantis van brands.
Vehicle orders up 80% YoY as Fleet Procure pivots to new business model
Software provider Fleet Procure has seen an 80% year-on-year (YoY) increase in new vehicle orders through its platform.
Select is top sponsor for baby care charity golf match
Select Car Leasing is the headline sponsor of a charity golf day for New Life, which is devoted to saving the lives of babies born too sick or too soon.
Zero-emission future in its most challenging period – BVLRA
The UK’s road to zero remains in the balance, says the BVRLA, with freefalling used vehicle values and fiercely expensive public charging costs.
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.
