THE leasing deal aggregator Leasing.com reckons the market is on course for leasing sales worth £1.64bn in 2022.
With 31,217 sales last year on its portal at an average lease car price of £35,010, Leasing.com says this values the business conducted at £1.09bn in 2021. Expecting a 50% uplift in leasing enquiries in 2022, Leasing.com says it would see the total value rise to £1.64bn by the end of 2022.
These values are actual cars costs, rather than the value of leasing deals generated, but if met will certainly be positive for the leasing broker sector.
Dave Timmis, managing director, Leasing.com said:
2021 was a tough year, for both manufacturers, dealers and brokers, with shortages that almost stalled global production and saw consumers unwilling to spend. Even though overall new car sales remained relatively stagnant the leasing sector continued to grow, as more consumers were persuaded by the benefits of moving away from PCP and HP.
Dave added the business was investing heavily in marketing, particularly around the blossoming EV market and expected significant growth for its advertising partners as a result.
“Our EV sales grew 106%, outperforming diesel by 75%,” added Timmis. “This increase meant EVs accounted for £416m worth of leasing transactions, with more expected in 2022.”
Automotive and fleet writer for Broker News
