BVRLA: Ready to make some noise
Date:
08 August 2013
Leasing industry economics
The BVRLA commissioned a report, published in May, to help illustrate the importance of the sector.
Written by Oxford Economics, a commercial venture with Oxford University's business college that provides economic forecasting and modelling for UK firms, the report found that the "full-service vehicle leasing and short-term rental sector" contributed almost £14.3bn in value added to the UK economy in 2011, across the operations of the industry itself, the purchase of UK-built vehicles and engines, car dealership activity and the impact on the used car market.
That equates to a pound in every £90 of UK GDP, or the combined economies of Bristol and Bath, and supports 184,000 jobs - one in 175 in the UK, generating almost £2.8bn in tax revenue.
Removing the indirect numbers, the full-service vehicle leasing and rental sector itself employs almost 38,000 people, contributing £8.3bn to UK GDP and adding £575m to the chancellor's tax revenue.
The report also put out some detail on the number of vehicles operated by BVRLA members, who have 2.1 million of the 2.2 million leased vehicles on UK roads, emitting an average 123g/km in 2012. There are a further 270,000 hire vehicles to add to that from BVRLA members, of the 325,000 daily rental vehicles in total. And that's without the half a million commercial vehicles also on members' books.
A full copy of the report can be downloaded from www. oxfordeconomics.com/my-oxford/projects/232333.
The association's key functions
Fighting the industry's corner is seen by members as the key role of the BVRLA, according to its new chief executive Gerry Keaney.
"We are a member organisation and we have to represent the interests of our members," he explains, pointing to an annual survey the association carries out, which details what the members value most.
"One is that they value the representation capacity of the association - we are representing the interests of the sector into Government and other outside bodies," declares Keaney. "They want to feel we as an association are fighting for their interests, to see it and experience it. They want to see us punching above our weight."
Next on the list is a "pride" in what being a member means, in terms of the mandatory codes of conduct it enforces.
"We have not set ourselves up as a regulator, but our codes have teeth, and if members don't abide by them it's quite possible they will leave the association," Keaney declares.
The third of the three key benefits, according to Keaney, is that members value the products and services, consultation and advice on a daily basis on operational matters, specifically in areas such as legal issues and use of fair wear-and-tear guidelines, and conciliatory services.
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