BC50 TOP LEASING COMPANIES: The leasing future's bright
10 December 2013
BusinessCar's BC50, the annual review of the UK's top 50 leasing companies, shows that times are much improved for the industry, although it hasn't exactly been a quiet year. Jack Carfrae reports.
For the big players in the leasing industry, there was an awful lot going on in 2012, with large-scale, recession-driven mergers and exits from the market fresh in everyone's memories.
One year on and things are different, and all the signs are that the industry is in rude health. BusinessCar has calculated that fleet sizes have swelled by an average of 5.6% in 2013, so growth, both organic and through acquisitions, is the order of the day. That's certainly the case at the top end, and although we still wouldn't refer to it as a quiet year, the dust appears to be settling in the wake of big shake-ups such as Lombard Vehicle Management's demise and the acquisition of ING by Alphabet, while what were choppy economic waters now seem to be calming.
One of 2013's biggest headlines so far has been the tie-up between Mercedes-Benz and Leasedrive, which saw the German giant farm out its fleet management operations, among other things, to the leasing specialist, which added the likes of risk management and multi-marque deals to the manufacturers' portfolio.
Commercial director of Leasedrive, and chairman of the ICFM, Roddy Graham, believes that this might not be the last we hear of such manufacturer/leasing firm tie-ups, and others may well follow suit in the future.