BVRLA News, January/February 2014

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January/February 2014

www.bvrla.co.uk

BVRLA News The bimonthly newsletter of the British Vehicle Rental and Leasing Association

Strong year forecast for rental and leasing By Gerry Keaney, BVRLA Chief Executive The vehicle rental and leasing industry begins 2014 with serious grounds for optimism. Most economic indicators look positive and this sentiment has been endorsed by the dozens of members I have met up and down the country in recent months. This confidence is backed-up by the BVRLA’s growing membership, which increased across all categories during 2013. I am delighted to report that the combined BVRLA member fleet starts 2014 at a new all-time high of 3.4 million vehicles. Average prices for used fleet vehicles increased in 2013, hitting record levels, and this trend looks set to continue this year. Rising consumer confidence will boost demand, and the continued shortage of quality 3-5 year-old stock should sustain values. As in 2013, new leasing business will come from SMEs looking for alternative sources of vehicle finance, the continued popularity of salary sacrifice schemes, and the growing popularity of competitive manufacturer-funded personal contract hire.

the Financial Conduct Authority (FCA) in April. Membership of an industry trade association such as the BVRLA is essential for companies wanting to demonstrate that they are taking a proactive approach to complying with this and other regulatory regimes. We are already witnessing a trend away from pay-to-own towards pay-to-use road transport, and this switch will gather speed in 2014, particularly in urban areas. More car club, car sharing and peer-to-peer car rental business models will appear, while smartphone-based technology will make it easier than ever to book, use and pay for vehicles on-demand. Developments in automotive technology are a hot topic at the moment, and vehicle and driver data will be a key focus this year as companies try to ascertain what is available, where it is, who owns it and how it can be used to improve their fleets. These issues will be on the agenda at the BVRLA's Fleet Technology Congress in July. u 2013 Annual Review now online Download a pdf from www.bvrla.co.uk

Fleets should benefit from some major administrative cost savings as the Driver and Vehicle Licensing Agency (DVLA) centralises its services, moves them online and abolishes the tax disc. These changes will, however, require new ways of working.

Annual Review 2013

Driving the take-up of low emission vehicles How the BVRLA helped the Office for Low Emission Vehicles, plus our work on TfL's Ultra Low Emission Zone. page 4 VOSA's name change what it means for you We outline the merger of two agencies and highlight what you can expect to see from the Driver and Vehicle Standards Agency in the year ahead. page 5 Landmark parking agreement signed The BVRLA has signed a memorandum of understanding with the British Parking Association. page 5 Member stats for 2013 - growth in all areas Round-up of the BVRLA's membership data as of 31 December 2013, and analysis of complaints. pages 6-8 Fleet Technology Congress event Connected vehicles, telematics and big data - why you can't afford to miss our technology conference in July. page 11

Leasing providers will also have to come to terms with a new consumer credit environment, which will get tougher and more complex with the arrival of Annual Review 2013 Mk8.indd 1

Tax and driver licence counterpart latest All the details from the DVLA about the withdrawal of the tax disc and the driver licence counterpart. page 3

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• Promoting responsible road transport since 1967 •


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BVRLA News, January/February 2014 by BVRLA - Issuu