The third wave of the rolling Leasing Broker Federation survey was conducted between 22nd October and 1st December 2020 and showed an increase compared to Wave 2 of Brokers believing they will be handling more enquiries in the next 12 months - up to 48% from 36%. This represents a swing back towards the wave 1 level of 50% believing they will handle more enquiries. The percentage of Brokers saying they believe they will handle less enquiries has remained constant at 30% all year.
The latest wave of research closes today (Nov 27) and by providing your feedback, you receive credits that you can redeem against the cost of the LBF events and a quarterly summary report. The online questionnaire takes approximately 5 minutes to complete and you will be able to access the results at any time, as well as receiving a quarterly headline report in December.
The research, powered by APD Global, draws out the most up to date trends in the 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.
LBF survey finds 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.
For those who have not yet completed the Leasing Broker Federation rolling survey, or have only partially completed, we would encourage you to do so as this will give us all some crucial insight into the vehicle leaving sector at this incredibly challenging time.
Survey 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.