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BC50 TOP LEASING COMPANIES: The leasing future's bright

Date: 10 December 2013

 

The figures explained:?winners and losers in this year's list

Scan our definitive list of the UK's top 50 leasing companies and you might raise an eyebrow at some of the changes, moves and trends for 2013, so here's the story behind them.

Within the top five Lombard Vehicle Management's exit from leasing in 2012 added more vehicles to ALD's fleet (it absorbed a proportion of existing contracts from the defunct firm) and, bolstered by organic growth, it has now nosed past Arval into fourth place. It has ambitious plans to crack the 100,000 mark in 2014, too.

ALD is also one of three big players to get a new boss inside the past 12 months, with Mel Dawson replacing former MD Keith Allen, Tim Porter taking over from Rick Francis at Lex Autolease (see interview, page 10) and Benoit Dilly assuming the helm at Arval in place of Bart Beckers.

A new entry within the top 10 might seem strange but Mercedes-Benz Financial Services requested to be excluded from the 2012 BC50 (presumably because of its impending deal with Leasedrive, announced in May this year). However, it submitted figures for 2013, hence the new addition at the top end.

Hitachi Capital, which has also soaked up a chunk of vehicles in the wake of Lombard's exit, continues its march further up the top 10 into eighth place (the firm appeared in 10th spot in the 2012 BC50, but a discrepancy in its figures, revealed after publication, meant it actually ranked ninth).

Salary sacrifice is obviously working out well for mid-level leasing companies. Zenith added 4700 vehicles to its fleet, while fellow salary-sacrifice specialist Tusker added 2166 additional vehicles this year, and muscled its way into the top 20.

Notable falls in 2013 include BT Fleet, which shed 3616 vehicles and two places (although the firm fleet-manages 75,000 vehicles - far more than it takes the risk on), Peugeot Contract Hire at 1577 (but its position remained static) and BMW Financial Services with 970 vehicles and five places.

Peugeot and BMW's reductions, along with Mercedes' decision to outsource part of its operations to Leasedrive, suggest that the manufacturer-backed leasing market may be declining. But you only have to look at the huge strives made by Volkswagen Group Leasing (plus-10,409 vehicles) and Citroen Contract Motoring (plus-7018 vehicles) to see that it isn't the case across the board.

Gleaning the details of the top 50 leasing companies in the country is something of a mammoth task, and despite BusinessCar's best efforts, not every firm supplied the requested information. In these cases, an estimated figure was calculated based on the movements of the market overall, and these figures are denoted by an asterisk.



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