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Positive outlook for the car leasing industry in 2018

Regardless of the new, more hostile vehicle tax regime and the various uncertainties surrounding Brexit, tumultuous global politics, diesel vehicles and emissions regulations coming into the New Year, BVRLA members are incredibly upbeat about their vehicle leasing prospects for 2018. According to the BVRLA’s eight-point 2018 Industry Outlook Report, the vehicle rental and leasing industry is extremely positive and the coming months are ripe with opportunities just waiting to be seized as an increasing number of drivers move from vehicle ownership to vehicle usership in the form of leasing arrangements.

Digitisation

The vehicle industry has built its entire reputation on removing unnecessary hassle for customers, and in the coming months, greater investment will improve on this further. An improved focus on developing the customer-facing elements will help to build brand loyalty in the long term.

Air quality and emissions

At the present time, the commercial vehicle market at least is currently dominated by diesel vehicles, and it is unlikely that this will change in 2018. However, uncertainties about air quality regulation changes will drive more people, especially fleet managers, towards shorter term leasing as an alternative to purchasing.

Personal leasing

Personal leasing will continue to grow during 2018 thanks to a new generation of drivers who see a vehicle as another item to be paid for monthly and upgraded much more regularly. The personal lease is likely to carry on nibbling at the company car market and the PCP will remain firmly in the public eye.

Commercial vehicles

BVRLA members are united in predicting another year of steady growth when it comes to the lease of commercial vehicles, whilst the rising use of safety technology should avert the need for an increase in regulations in the LCV market.

Apex offer excellent deals on car leasing in Middlesbrough, the North East and across the rest of the UK. Whether you are looking for a deal for business or personal leasing, give us a call on 0800 999 3377 or get in touch with us online to find out how we can help you with your next vehicle lease.

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Posted on 6th February 2018 at 12:48 PM

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