BVRLA fleet industry survey – what you need to know
New quarterly leasing figures from the BVRLA reveal latest facts about the changing face of fleet.
Less than three-quarters of the BVRLA total fleet is now diesel (74.9%).
1. The business fleet leasing market is growing…
The total business fleet leasing market for cars and vans has grown 6.5% year-on-year to 1.35 million between Q1 2016 and Q1 2017. The number of cars on the BVRLA business fleet grew 3.6% to 987,000 while the LCV fleet was up 15.3% to 358,000.
2. …but not as quickly as PCH
Total car leasing grew by 11% year-on-year with over half of that growth coming from an increase in personal contract hire (PCH). Business fleet leasing contributed just under a quarter of that growth.
3. Diesel still dominates, but for how long?
The proportion of diesel cars in the BVRLA fleet continues to decline. Less than three-quarters of the BVRLA total fleet is now diesel (74.9%) and just over two-thirds of new registrations (67%).
4. Leasing industry still leads way on emissions reductions
Average emissions for the average leased car added to BVRLA member fleets remain lower than for the overall new car market – but the BVRLA has warned that the pace of reduction is slowing.
The Q1 figures show a 4% drop year-on-year from 117.7g/km to 113.1g/km for the BVRLA leased fleet while the average emissions for new BVRLA member registrations was 110.8g/km CO2 compared with the national new registrations average of 120.5g/km.
5. And fleets are still driving down CO2
The BVRLA also carried out Q1 analysis comparing CO2 emissions of cars on business contract hire and those on personal contract hire, recorded at 112g/km and 118g/km respectively.
BVRLA chief executive Gerry Keaney said: “CO2 emissions are clearly heading in the right direction, but we are concerned with the lack of progress in the reduction of average CO2 emissions in new cars during 2016.
“Government has ambitious targets for improving air quality and cutting CO2 emissions. With the right tax regimes, incentives and guidance, the fleet industry can have a huge impact on achieving these goals.”
Natalie Middleton
Natalie has worked as a fleet journalist for over 20 years, previously as assistant editor on the former Company Car magazine before joining Fleet World in 2006. Prior to this, she worked on a range of B2B titles, including Insurance Age and Insurance Day.
