BVRLA members are now leasing a record number of vehicles to customers, due to demand from the business car market.
The rental and leasing industry body said that, at the end of Q2 2025, business contract hire cars were up by 7.8% year-on-year, while salary sacrifice cars had rocketed by 118%.
These figures led to a 5.9% growth in the overall BVRLA member fleet to a record level of around 1.96 million vehicles, despite falls in demand for personal contract hire cars, and for vans.
The data has been published in the BVRLA’s latest Leasing Outlook report.
The BVRLA said that the growth in business contract hire cars and salary sacrifice was being bolstered by high uptake of electric cars, which it attributed to targeted government incentives discounts from manufacturers.
In addition, it said the entry of new manufacturers to the UK market was creating a competitive landscape that saw the leasing sector as a valuable channel to secure supply.
BVRLA chief executive Toby Poston said: “The headline numbers show the leasing fleet is in rude health. Scratching below the surface shows imbalances are growing; the positives are not universal.
“A tough economic landscape faces more turbulence. [The Budget] is on the horizon, with the Chancellor again having to make tough decisions.
“Financial uncertainty causes business and households to delay decisions or pinch their purse strings. To see the overall fleet grow in the face of that is testament to what can be achieved when targeted support enables the right products to be available at the right price.”
