Lease fleet goes downhill
The overall BVRLA lease fleet shrank by 3.6% year-on-year according to its latest survey.
Its Quarterly Leasing Survey found that a 2.1% growth in the LCV fleet size partially offset the 5.2% drop in the total car fleet.
Business contract hire saw its largest ever fall since the survey began, with cars down by 9.7% year-on-year to 793,171. In contrast, the personal contract hire car fleet increased by 5.7% to 271,264.
The study shows a growth in the number of battery electric vehicles on the BVRLA fleet, up 1.8% year-on-year and new BEV registrations were up 5.5% compared to the same period last year.
Meanwhile, the latest Leasing Broker Survey found that the BVRLA leasing broker channel fleet grew by seven per cent year-on-year, with 362,461 cars and vans on fleet.
