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Car Leasing Industry Will Continue to Grow in 2015
posted on Jan 15 2015 by Kiri Nowak
According to the BVRLA, the trade body for the vehicle rental and leasing sector, car leasing will be even bigger in 2015. Chief executive, Gerry Keany said that ‘The industry performed well in 2014, with the association seeing a further increase in membership and fleet sizes across nearly all sectors.’ This is great news for both car leasing companies, people working in the sector and people who are thinking of leasing a new car.
‘Within the leasing sector, the BVRLA expects the strong business confidence from 2014 to continue this year. Most members expect conditions within the wider economy and the fleet leasing sector to improve in 2015. In the business-to-business environment, we expect to see year-on-year growth of 5% for car leasing, with an-ever increasing market share from the lower medium, dual-purpose and multi-purpose car segments.’
Car leasing is becoming an easier option for businesses and individuals who don’t want to have to come up with a large sum of money for a new car. As soon as you drive a new car it decreases in value, with leasing you don’t have to worry about depreciation. Consumers are preferring to take advantage of the fixed, predictable monthly cost that leasing enables. ‘We expect to see a further, steady increase in new leasing volumes this year. Demand for vehicle finance continues to grow – particularly from consumers, SMEs and salary sacrifice customers.’
Keaney is concerned about the uncertainty of the 2015 elections, but remains positive about the car leasing and rental industry. ‘2015 will have its challenges and election years are always hard to predict, but we believe that this will be another successful year for the vehicle rental and leasing industry.’
Mike Rutherford of Auto Express believes that car ownership may decline claiming ‘great car rental deals may spell the end for car ownership as we know it but that could still be great news for consumers.’ Here at LeaseYourNextCar we are able to offer fantastic deals for our customers. We have the relationships and knowledge to get you the best deals. There are a huge range of vehicles available to lease, so not matter what type of car you want you will find it. From Nissan and Ford to Mercedes-Benz and BMW, we offer lease cars from all the key manufacturers.
The BVRLA also expects car leasing and rental customers to be more eco conscious and predict that the average C02 emissions of cars will decline. ‘We expect to see average CO2 emissions for the lease fleet fall below 120g/km for the first time in 2015 and predict a continued trickle away from diesel to small engine petrol or hybrid cars.’ Find leasing deals on cars with low CO2 emmissions using our deals finder.