Central Contracts reports record sales as leasing growth accelerates

3 weeks ago 16

Alejandro Gonzalez

Tue, Apr 15, 2025, 10:15 AM 2 min read

Independent declaration prosecute and leasing broker Central Contracts has reported grounds income maturation implicit the past 12 months, with volumes astir doubling compared to 2023. The institution expects continued maturation into 2025, driven by operational improvements and exertion investment.

Focusing chiefly connected the idiosyncratic leasing market, Central Contracts besides reported a declaration renewal complaint of 45%, which it described arsenic among the highest successful the sector.

The institution attributed its improved show to 3 cardinal changes: a revised procurement policy, the motorboat of a caller integer platform, and the improvement of proprietary exertion solutions.

Its updated procurement strategy included the implementation of a caller acquisition programme with OEMs, enhanced pricing investigation tools, and improvements to banal ordering processes. This attack has supported stronger ties with manufacturers specified arsenic Vauxhall, Nissan, Renault, Kia and Hyundai, arsenic good arsenic with funders underwriting the leasing agreements.

A caller integer level has accrued the visibility of disposable banal and deals. In addition, caller bundle introduced by Central Contracts enables automated conveyance taxation and streamlined documentation requests from funders. The institution stated that these changes person improved lawsuit acquisition and compliance.

According to Gareth Roberts, strategy manager astatine Central Contracts, the broker is present approaching 10,000 conveyance income per year. He said this level of maturation is encouraging for the institution and its partners and added that the concern is seeing continued monthly maturation successful conveyance registrations and expanded availability of conveyance models.

Roberts said the renewal complaint was “a existent measure” of the company’s show and ongoing lawsuit satisfaction.

According to the BVRLA’s bi-annual Leasing Broker Report (July 2023 – June 2024), leasing brokers collectively delivered 380,000 caller cars and vans into the idiosyncratic and concern sectors during the past year.

"Central Contracts reports grounds income arsenic leasing maturation accelerates" was primitively created and published by Motor Finance Online, a GlobalData owned brand.

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