Ungated Post | 04 Dec 2014

The economic impact of the motor vehicle full-service leasing and rental sector

​This study, commissioned by the BVRLA, the trade body for the vehicle rental and leasing sector, investigates the economic contribution the full-service leasing and rental sector makes to the UK economy. In 2013, the sector owned some 3.6 million vehicles (cars, light commercial and HGVs). This was over 10% of the vehicles on the UK’s roads that year. Of these, some 11 vehicles in every 100 were leased, with a further two rented.

In 2013, the sector supported a £24.9 billion gross value added of the individual impacts of the operations of the industry itself, the UK-made vehicles it purchases, the use of UK made engines, the activity in dealerships, and its impact on the used-car market. This is equivalent to the size of the economies of Edinburgh and Leicester combined.

The sector is estimated to support 317,000 people in employment in 2013. To place this in context, in the same year there were 270,000 people employed in the city of Sheffield. By supporting economic activity and employment the sector raised tax receipts for the Exchequer. In 2013, these receipts amounted to £81 for every UK resident, or some £5.2 billion in total. ​

Click here to read the full report.

Oxford Economics’ team is expert at applying advanced economic tools that provide valuable insights into today’s most pressing business, financial, and policy issues.

To find out more about our capabilities, contact:

Americas
Diantha Redd
+1 (646) 503 3052
Email

Asia Pacific
Peter Suomi
+65 6850 0110
Email

EMEA
Aoife Pearson
+44 (0)203 910 8054
Email

Related Services

Post

KPMG M&A Outlook 2026: Between Uncertainty, Resilience, and Seizing Opportunities

Discover how Germany’s M&A landscape is evolving – with a focus on growth, AI and post-merger value creation.

Find Out More

Post

Silver, the next generation metal

This report highlights the critical role silver plays in data centres and artificial intelligence (AI), automotive and electric vehicles (EVs), and solar energy photovoltaics (PVs). With these sectors expected to expand significantly over the coming years, we expect future silver demand to be strong.

Find Out More

Post

Powering the UK Data Boom: The Nuclear Solution to the UK’s Data Centre Energy Crunch

The UK’s data centre sector is expanding rapidly as digitalisation, cloud computing, and artificial intelligence (AI) drive surging demand for high-performance computing infrastructure.

Find Out More