- 74 plate change pushes up SMMT registrations just 1%
- But searches for PCH up 43% on Leasing.com comparison site
- Average rental was 24 months/5,000 miles with an increased rental to £321 from August’s £316
- Nissan dominates with two in the top three places
IN September’s important plate-change month the SMMT’s latest statistics showed registrations climbing by just 1% year on year. Overall, though, for the first nine months registrations are up by 4.3%.
However, consumer sentiment is at odds with the bleaker overall picture on private demand for leasing products such as Personal Contract Hire.
While September’s SMMT figures showed a drop in demand of nearly 2% and -9% year on year, the variety of discounted leasing offers saw enquiry volumes up 43% year on year at the leasing deal aggregator website.
Paul Harrison, Chief Partnerships Officer at Leasing.com, said:
“Our data showed a more positive trend with total enquiry volumes on Leasing.com up 43% when compared to September last year. A ‘push’ market is in full effect as manufacturers offer further discounts with the first year’s ZEV mandate now looming. Nissan enjoyed a particularly strong September in the PCH market as the Juke joined the ever-present Qashqai towards the top of our monthly league table, with the Vauxhall Astra completing the top three.”
Market watch special: Skoda Octavia
With saloon and estate variants available from a variety of leasing brokers for a little over £200 per month, Skoda’s ever-green Octavia finished September in Leasing.com’s top 10 most popular vehicles. Not much money for a terrifically good value car.
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A new Motor Ombudsman survey finds households under cost pressures are skipping car maintenance and repair.
Fleet SMR lead times vary across UK regions
London leads the way for SMR lead times according to new data from the epyx 1Link platform, with South West propping up the table
Broker News Newsletter 14 January 2025
Catch up on the latest leasing broker news in the 14 January 2025 Broker News newsletter
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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.
