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BVRLA broker fleet size up 27% in 2015

Date: 19 February 2016   |   Author: Daniel Puddicombe

British Vehicle Rental and Leasing Association's leasing brokers were responsible for 27% more vehicles in 2015 than the previous year, the BVLRA reports.

The rental body's brokers' total car volumes increased by 24% to 148,819, with much of this growth being driven by the increased popularity of personal contract hire leases. PCH deals accounted for 48% of all new agreements signed by brokers in 2015 - up from 22% in 2012.

Brokers' van leasing volumes, meanwhile, increased by 36% to 59,187 units, with business contract hire seeing a 61% share of brokers' business, while finance leases were responsible for 34%.

"This growth shows the prominent role brokers are playing in the fleet industry. Whether it's cars for personal customers or vans for businesses, brokers are increasingly being called upon to provide access to affordable vehicle finance," said BVRLA's leasing broker committee chairman Mike Potter.