UK vehicle leasing fleet up nearly 10%
The UK vehicle leasing fleet grew by 9.6% year-on-year to 2,144,743 cars and vans in the second quarter of 2026.
The latest BVRLA Leasing Outlook report found that the car fleet increased by 12.8% year-on-year to 1,671,318 vehicles, while the leased van fleet fell by 0.4% to 473,425 vehicles.
Growth has been particularly strong among private drivers, with consumer car finance across the BVRLA fleet increasing by 32.4% year-on-year compared with 4.5% growth in business car finance.
The report also identified rapid growth in used vehicle leasing, with used PCH volumes up 529% year-on-year to 21,929 contracts and used salary sacrifice growing 168% to 10,685.
Toby Poston, chief executive of the BVRLA, said: “Leasing is proving increasingly attractive to private drivers. Competitive deals are bringing more people into the market, while the ability to hand a vehicle back at the end of the agreement removes some of the uncertainty around future values.
“That growth is encouraging, but there are some important contrasts underneath it. Vans remain under pressure and leasing companies are still absorbing significant residual value losses on electric vehicles. With the ZEV Mandate under review and future company car tax rates still to be confirmed, greater certainty would give businesses and drivers more confidence to make longer-term decisions.”
