Economic uncertainty and potential air quality restrictions have created a challenging funding environment for vans over the past year.
Contract hire retains its dominant funding position, responsible for 90% of the FN50’s 430,000-plus funded vans. After losing some its lustre 12 months ago, when it dipped to 88%, the financing method has returned to the same level as 2016.
Finance lease levels meanwhile, have remained fairly stagnant, with 9% of the van fleet funded this way in 2018, down on the 9.6% reported last year, but up on its 8.6% market share in 2016.
Seventeen leasing companies reported a van risk fleet financed solely via contract hire, while there were just three where finance lease was the dominant funding method.