Confidence tempered by used values BVRLA's Quarterly Leasing Survey for Q2 2014 reveals that fleet sizes are growing and emissions are falling, but there's concerns over used car prices. Concerns over used car prices threaten to take the edge off what remains a very positive year for the industry. While 93% of respondents expect fleet size to grow during the next six months, 71% reckon used car values will fall. This marks a stark contrast from just three months ago, when 83% of respondents were predicting residual values to remain stable. Elsewhere in the report, business confidence remains high. Eight out of ten respondents expect the economy will improve in the second half of 2014, while nearly three quarters feel the UK fleet leasing sector in particular will improve. Looking back at the past six months, year-on-year growth rates for the UK fleet leasing sector have continued to accelerate, up to 10% for vans and just under 6% for cars.
This compares to SMMT figures for the same period showing an 8.4% increase in fleet car registrations, and a 16.8% growth in fleet van registrations.
Total fleet New registrations BVRLA
BVRLA
All UK
Q1 2013
129.75
-
129.7
Q2 2013
126.46
-
128.8
Q3 2013 126.93 127.6 However, the vehicles being Q4 2013 124.69 119.08 127.4 added remain traditional. Despite Q1 2014 123.92 117.92 126.10 a number of new electric vehicle Q2 2014 123.46 117.79 125.80 (est.) launched in the Getting greener: Average emissions continue to tumble fist half of 2014, there has been no are just 123.5g/km CO2 now, with change in the dominance of vehicles new cars averaging 117.8g/km CO2 powered by combustion engines in - more than 6% below the SMMT's the fleet sector. The diesel share estimated average for all new cars of the BVRLA leasing member fleet registered in the UK during the same held steady at 83%, while dieselperiod. u powered vehicles represented around 78% of all new cars added in To find out how to obtain a copy of the second quarter of 2014. the full report, contact Toby Poston: But while the powertrains may be staying the same, BVRLA members' fleets continue to get greener. Members' fleets average emissions
Contact Toby Poston 01494 545700 toby@bvrla.co.uk
TISMENT
MC Rental use Catloc Derek Bourne,
Depot Manager at MC Rental and BVRLA Member says...
With the rise in catalytic converter (CAT) theft being well reported in the news and associates in other rental companies experiencing thefts, we looked around for a solution to protect our vehicles against this problem and immediately found Catloc.
This is anything that has the CAT / Diesel Particulate Filter slung underneath and a reasonable ground clearance and includes; vans, tippers, pickup trucks, 3.5 and 7.5 tonne trucks and we even utilise their Catloc marking & registration system on our people carriers.
We were impressed with their approach to the problem and the relationships they have with vehicle manufacturers, so started fitting their solutions to some of our vehicle fleet. Their solutions were easy to fit and when compared with the cost of a theft, are very well priced.
I have no doubt that having Catloc solutions fitted to our vehicles has saved us thousands in repair bills, off road time and potential embarrassing situations with customers.
In early 2014 we became the victim of CAT theft from a vehicle which unfortunately wasn't protected with Catloc. Since experiencing the hassle and cost of CAT theft, we now fit Catloc to every high risk vehicle.
I would recommend that other vehicle rental companies fit Catloc to their vehicles.