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Vans drive BVRLA leasing fleet recovery
Date: Thursday, April 21, 2022 | Author: Sean Keywood
BVRLA members’ vehicle fleets have now grown to surpass pre-Covid levels, thanks chiefly to vans.
The rental and leasing industry body’s latest Leasing Outlook report, citing data to Q4 2021, reported that the van fleet saw year-on-year growth of 18.8%, with more than 80,000 vehicles added, taking the total to nearly half a million.
This was well ahead of the 5.1% growth recorded by the BVRLA fleet overall.
The BVRLA said the increase in demand for vans indicated an improving economy and highlighted the essential role that the vehicles played in UK supply chains.
BVRLA chief executive Gerry Keaney said: “The growth outlined in the Leasing Outlook report underlines the resilience of our sector and should give us confidence for success in a post-pandemic environment.
“The big threat to this growth outlook is supply constraints. Average contract mileages are already increasing as more lease periods are having to be extended.
“The fleet leasing sector is driving demand for zero emission vehicles but it is being starved of supply as manufacturers divert product to more lucrative sales channels. If this trend becomes a long-term one, the fleet sector will see more miles being driven in older, dirtier vehicles.”
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