- 2 July 2012
UK fleet leasing is a £10bn industry which is leading the recovery in the vehicle market, according to a research paper.
The most recent market insight report into the UK vehicle leasing market by research firm Apex Insight has suggested consolidation in the top-tier of the market following stagnation during the financial crisis will lead to recovering revenues in 2012.
However, the study, based on macro-economic data, company sources, interviews with senior-level contacts in the industry and attitude surveys, found uncertainties remain, such as the risk that slow economic recovery could lead to companies postponing fleet decisions further, and for demand for ancillary services to remain depressed.
The report also concludes, while the top end of the market is relatively consolidated, the mid-tier is still fragmented and many of the smaller operators now find themselves targeting clients in an increasingly price competitive market.