A vehicle leasing company has had its say on the latest market trends as the new plate registrations hit UK roads this month.
Worsley-based LeasingOptions has seen average sales increasing by 35% across every month with April being the busiest period, caused by an influx of orders for the March registration plate change.
Staff at the company are expecting a similar sales result in September as consumers look to get the keys to the latest models with the newest registration plates.
Mike Thompson, LeasingOptions’ director of sales and marketing, explained that leasing a vehicle makes the journey to driving a new model much more achievable for many, plus changes in the market have turned in the company’s favour.
“Our success has been buoyed by some aspects of the car market declining slightly in terms of retail in dealerships – more people are moving to leasing in a personal capacity and corporate fleets are seeing signs of a slowdown,” explained Mike.
“Very often, we can offer B2B clients finance deals that are unbeatable by mainstream dealers, plus we can tailor the length of contract to different customer needs.”
The demand for leasing vehicles instead of buying outright or using dealership finance options has continued to grow steadily in recent years, with LeasingOptions answering to the demand with a comprehensive range of options for business and personal use.
Other trends reported for the first half of 2018 include the split between diesel and petrol vehicles. Last year this stood at 70% diesel to 30% petrol, whereas this year the gap has been bridged a lot and so far, this stands closer to a 50/50 split.
The hybrid market share has remained pretty constant year on year, with the new Nissan Leaf and Toyota’s latest release, the C-HR, proving consistently popular.
“As more and more people choose to go green with their transport choices, we can’t see the demand for electric and hybrid cars slowing down,” continued Mike. “Our aim is to get the customer the best deal for them and feel we have some of the most flexible options on the market.”