SMMT revises new car sales forecast downwards

By |2022-05-09T10:12:22+01:00May 9th, 2022|Categories: Leasing & Finance News, Sector Analysis|Tags: , , , , , |

Supply chain issues are causing OEMs to feel the pinch more than ever as they struggle to fulfil increasing orders, on top of a backlog of deliveries. With a protracted shortage of vehicles, it is prudent for drivers and fleet operators to be planning further ahead, increasing their renewal cycle from 6 to 9 months in advance. For leasing companies, there is an onus on providing flexible extension agreements to help alleviate the current situation.