Marketline also found that leased fleets now constitute 1.19 million vehicles - a figure that will rise by 15.3% to 1.45 million in 2000. According to MarketLine's figures, British Car Contracts has the largest leasing fleet in the UK, followed by Cowie Interleasing, Dial Contracts, Lex Vehicle Leasing and Lease Plan - which has enjoyed an annual growth rate of 38% over the last two years.
The survey says personal leasing now accounted for 3% of the total leasing market - up 2.7% compared with 1991 - and predicts continued growth in the UK and eventually throughout Europe. MarketLine is also predicting smaller independent leasing companies will continue to lose business to the larger concerns - especially those owned by the large banks. The survey says independents have 53% of car leasing business in the UK, but in terms of fleet size, their share is much less.