THIS month sees the first wave of the Leasing Broker Federation’s rolling research project come to a close.

The Federation, in partnership with APD Global Research, launched the new market research programme to provide regular insight on current trends in the market.

It looks at brokers’ perception of funders and manufacturers, as well as opinions on who is best in supporting the sector and with whom they have the best relationships.

Give us your feedback as soon as you can, closing date for the first wave is April 20.

The online survey will be regularly updated as responses are received, to provide a near real-time insight of the vehicle leasing brokers’ market. The live results are accessible at any time via a link from the LBF website to an online portal.

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Don’t forget also that those who take part will receive credits which can be redeemed against our Leasing Broker Federation Multi events day at Epsom on December 9.

Some of the early feedback has shown some interesting results, such as:

1. There is expected growth in the market with the predicted number of inquiries, completed transactions and overall fleet sizes showing a 60%-67% increase, with only 14% predicting any decrease.
2. When working with funders – the most important aspects are: Fast decisions made by funders (89%) and good acceptance rates (78%). So being able to support this fast-moving market is essential for funders.
3. 28% of the Brokers have seen new funder entrants to the market. Which is offering more funding options outside of the traditional funders.
4. The levels of interaction between Brokers and Manufacturers, either frequently or occasionally is 65% but between Brokers and Dealerships is 92%. This gives manufacturers the opportunity to improve relationships with Brokers.

The research findings bring benefit to the LBF members who take part and to all those linked to this growing sector, namely Leasing Companies, Funders, Dealership Groups and Manufacturers.

To find out more and to express your interest in either getting involved by providing feedback, or accessing the results, please click here.