THE Leasing Broker market has a bright future, but there will be fewer businesses, particularly from those described as ‘bedroom brokers’ – an indication of the increasing professionalism in the sector.
That’s a conclusion from the first quarter Leasing Broker Federation Survey which charts the changing attitudes to the sector – and where growth and challenges are arising.
The LBF survey, in association with APD Global Research looks at what the present looks like, and how brokers see the future of their sector.
It would seem that funders want to only support the established Brokers. It is also suggested that the ability to differentiate from the competition will become more of a challenge as service offerings become more uniform across the sector.
Competition will naturally come from brokers themselves but increasingly from dealers and the captive finance companies.
Online capability has to a certain extent levelled the playing field as brokers invest in their online presence.
You can get more details regarding the LBF survey hereÂ
With the rapid growth in the vehicle leasing through intermediaries, the LBF survey can help you take advantage of all the opportunities, even when you have limited visibility.
With in depth insight, you are no longer selling blind. Leasing brokers can now have access to rolling market research with our quarterly summary report.
The research draws out the most up to date trends in the intermediary vehicle leasing market with further insight provided by industry experts. You can access the survey at any time and the results are being regularly updated.
The research covers both the current trends in the market and also the perception intermediaries have of funders and manufacturers. Who best supports them and who do they have the best relationships with.
