A double-digit decline in leased van numbers has been reported by the BVRLA.
The rental and leasing industry body has published its latest Leasing Outlook report, containing data to the end of Q4 2024, which reveals a year-on-year decline from its members’ van leasing fleet of 10.96%.
The BVRLA said it was the third consecutive quarter of decline for the van leasing market, which it attributed to customers being unhappy with the cost of new vans and therefore trying to get another year’s service out of their existing vehicles.
Additionally, there was reported to be “minimal demand” for electric vans, which the BVRLA said meant the LCV sector was expected to fall ever further behind the electrification levels set out by the UK Government’s ZEV mandate.
The overall BVRLA leasing fleet saw 0.65% growth, thanks chiefly to a strong performance from the business car market.
BVRLA chief executive Toby Poston said: “Financial incentives are the biggest lever to alter action and the recent changes to the ZEV mandate will influence their necessity. Personal customers and van operators desperately need increased attention and we remain committed to making their voices heard where it can make a difference.”
