- Conditions still challenging
- More stock appearing
- Attractive deals starting
- Enquiry volumes up 7.5% compared with September 2022
THERE’S little question that the PCH retail market has been soft for many months. There’s been a distinct lack of interest from consumers, no doubt spooked by the cost of living crisis and – until recently – continually climbing interest rates.
But a look around broker websites and the Leasing.com aggregator site, it’s also clear that deals are coming back into the market.
In association with partner Leasing.com, Broker News is running a ‘temperature check’ on the retail market using data from Leasing.com.
Here’s what Paul Harrison, chief partnerships officer at Leasing.com, has to say on September’s market pointers:
Challenging economic conditions remain, but the car industry is recovering with OEM lead times falling and stock availability improving across a range of body and fuel types. More stock has led to the return of small discounts from some manufacturers and some excellent deals surfacing on Leasing.com.
Consumers have jumped on those great value deals on cars such as the Peugeot 3008 and Volkswagen Golf, as well as more leftfield choices. All of this meant a much more buoyant September after the quieter summer months and our total enquiry volumes were up 7.5% compared to September 2022.
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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.
