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Leasing Broker fleet reaches record levels 

Leasing Broker fleet reaches record levels 

The leasing broker fleet has grown by 2.7%[1] this year to reach its highest level ever, according to the latest figures from the BVRLA. Surpassing 400,000 vehicles for the first time, the association’s broker channel fleet remains at a healthy level in the face of extensive supply challenges. 

The prolonged supply challenges are still presenting an extreme barrier to brokers in meeting their customers’ needs, although the impact has plateaued having peaked in March 2022[2]. 

This performance formed the backdrop of the BVRLA’s annual Leasing Broker Conference, which took place in London on Thursday 6 October. With 150+ attendees spanning leasing brokers, leasecos and industry suppliers, the conference covered the key factors having an impact on the sector’s performance. The agenda also explored what is on the horizon for leasing brokers, most notably the incoming Consumer Duty and prevalence of the agency model for vehicle supply. 

Paul Parkinson, Chief Executive & Founder, Synergy Car Leasing and chair of the BVRLA’s Leasing Broker Committee, said: “It is brilliant to once again bring so many broker colleagues together. This conference gives us the chance to reconnect and discuss the issues that are having a fundamental impact on all of us.

“Leasing brokers have shown how resilient they can be in recent years, dealing with Brexit, Covid, a vehicle supply crisis. The list goes on. To see the fleet reach record levels is encouraging and evidence of how well the sector has evolved. I’m confident that the expert speakers have given attendees food for thought to prepare us all for the challenges ahead.” 

The Leasing Broker Conference follows a programme of Consumer Duty deep dive webinars hosted by the BVRLA. Materials are now available to BVRLA members, while the association has also launched a new ‘Implementing the new Consumer Duty’ training course for leasing brokers and small daily rental companies.

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