According to BVRLA, the leasing broker fleet has grown by 2.7%, a new record. Surpassing 400,000 vehicles for the first time, despite extremely long lead times.

Paul Parkinson, chief executive and founder of Synergy Car Leasing and chair of the BVRLA’s Leasing Broker Committee, said: “Leasing brokers have shown how resilient they can be in recent years, dealing with Brexit, covid, a vehicle supply crisis. While the total fleet size has continued the long-term trend of growing year on year, fewer new vehicles have been added when compared to 2021. Vehicles being kept on fleet for longer has therefore contributed to the total growth, as BVRLA members have adapted to the supply challenges to meet customer needs.