Tag Archives: BVRLA

BYD has announced it will sponsor the BVRLA Annual Dinner in London for the second year running. The event, taking place on 5 March at the Grosvenor House Hotel, Park Lane, will host over 800 attendees. This includes BVRLA members and senior industry stakeholders. During the event, the Industry Hero Awards and the Freddie Aldous Outstanding Contribution Award will be ...

Leasing firms have warned at how poor electric vehicle residual values is going to hit their business as EV volumes rise in the used car sector. In its latest market report it said: “Like meteorologists tracking hurricanes, leasing companies are staring at the horizon and not liking what they see. There’s a named storm coming, and its name is electric ...

The BVRLA has made two key appointments at is kick-starts is business for the new year. As previously reported Toby Poston is the new chief executive following the retirement of Gerry Keaney after more than 11 years in the role. The association has also named Lakshmi Moorthy as the BVRLA’s new chairperson. Poston steps up after sixteen years with the ...

The vehicle rental and leasing sector growth in 2025 could be impacted by tax rises, regulatory uncertainty and the ZEV Mandate. The BVRLA’s Industry Outlook Report 2025 was launched as part of the Industry Outlook Conference yesterday. It suggests members are expecting a ‘Jekyll and Hyde’ year in 2025. Gerry Keaney, BVRLA chief executive, said: “Expectations that 2025 will see consumer and business ...

Leasing companies are “actively encouraging” businesses and drivers to extend their contracts on electric vehicles for another 12 or 24 months. The aim is to stop the cars coming to market and further reducing prices in an oversupplied used car market. Prices have have fallen 58% in 22 months. The BVRLA said the oversupply was a consequence of the ZEV ...

Volkswagen Group UK is pushing ahead with plans to remap its UK dealer networks with cuts to the number of dealer outlets and fewer investors. To be fair, it’s not alone. These programmes are ongoing by carmakers and have long timelines, but the VW plan is ambitious, reflecting its big presence in the UK, taking a quarter of car sales, ...

The British Vehicle Leasing & Rental Association (BVRLA) has announced that Toby Poston will be its next chief executive, taking up the role on January 1st 2025 after Gerry Keaney retires at the end of the year. The association has been lobbying to get the government to “act now” to halt further decline in EV values. Used EV values have ...

The British Vehicle, Rental and Leasing Association (BVRLA) has called on the government to “act now” to halt further decline in EV values. Used EV values have fallen 50% over the last 24 months. The BVRLA is warning that the sector risks seeing further drops if no action is taken. BVRLA CEO Gerry Keaney said: “Over the last two years, ...

There is an increasing divide between company cars and private motorists with regards to EV demand, according to the BVRLA’s latest Leasing Outlook. The 3.6% growth in the last 12 months is offset by the divergence between corporate and personal demand. The leasing fleet has moved further towards EVs. Therefore, EV demand in the used market needs to keep up ...

The BVRLA has highlighted the “growing imbalance” between the retail and business sector when it comes to EV incentives. Toby Poston, BVRLA director of corporate affairs, said in its Leasing Outlook report: “This growing imbalance between the business and retail segments – particularly for EVs – is a real concern. “Benefit-in-kind and salary sacrifice incentives have fast-tracked corporate uptake of ...