- PCH market continues strong start – up 18% year-on-year
- Leasing brokers driving market on back of OEM deals
- Volkswagen T-Roc is top model
- Nissan Qashqai in second
IF you read the media analysis to the monthly personal registration figures – and fairly dismal they are – you could be lulled into thinking the market had disappeared.
After all, the retail market is down 11% year-to-date in 2024, accounting for some 38% of the market; only a year ago, that figure was 46%.
Not so.
What personal business is out there is being mopped up very successfully by leasing brokers.
According to Leasing.com, total enquiry volumes on the leasing deal aggregator website were up an incredible 18% in April compared with April 2023, despite the month traditionally being quieter compared to the plate-change month of March.
“Tactical discounts on surplus new car stock continue to drive the consumer demand seen on our website and, in the main, it is our broker partners that are hoovering up that demand. Specific deals on the Nissan Ariya, MINI One and the Cupra Formentor were particularly successful, but it was the Volkswagen T-Roc that claimed the accolade of being the most popular car on PCH last month.”
Market watch special: Nissan Ariya
Nissan’s all-electric SUV enjoyed a fantastic April thanks to offers on the Ariya starting from just £260 per month. And think where that pricing was just 12 months ago...
Broker News Newsletter 08 October 2024
Catch up on the latest leasing broker news in the 08 October 2024 Broker News newsletter
The Electric Car Scheme partners with OVO to bring cheaper charging, lower cost EVs
The Electric Car Scheme is partnering with OVO to make EV driving cheaper and the switch to electric cars more appealing.
Highlights from the BVRLA Leasing Broker Conference
Our run down of the highlights and pictures from the BVRLA Leasing Conference held in Birmingham on 01 October 2024
Carwow buys GRIDSERVE Car Leasing
Carwow Group has purchased leasing broker GRIDSERVE Car Leasing for an undisclosed sum today (08 October 24)
Leasing.com launches used car leasing in partnership with loveelectric
Leasing.com launched a new service for leasing brokers to highlight used leasing offers in association with loveelectric.
The Regulatory Roadmap for Leasing Brokers – an FCA perspective
Costas Pittas of the Financial Conduct Authority explained to conference that as regulator it understands that credit and leasing is an important part of the landscape.
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.
