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The BVRLA's recently appointed chief executive, Gerry Keaney, believes that stiff competition has done the leasing industry a power of good.
"It's been an extremely positive year for our members," he says. "Overall, the market has been very active. it's also an extremely competitive market - and that's a good thing. It encourages and motivates everybody."
Despite the concerns raised by fellow industry members about the sustainability of used car values, Keaney thinks the green agenda is the one that's of most concern: "I believe there is an issue in terms of low-emitting - sub-50g/km - vehicles. I feel progress in this area is rather slow and slower than it needs to be. I don't really think that there's a lot out there in terms of incentives that is really harnessing the power of the leasing industry. The decision in the Budget earlier this year has been a backward step in terms of trying to further the green agenda. Think of the number of cars my members buy each year and you could make a very big difference very quickly in terms of delivering that volume [of low-CO2 cars].
"Also, the Government hasn't learned from other initiatives in Europe. In Norway, for example, [low-CO2 vehicles] can drive in bus lanes and get free parking in inner city areas. You need to have lifetime incentives in place rather than the blunt purchase incentives that we have in the UK."
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