YORKSHIRE based Cars on Demand has announced a 23% growth in new leasing contracts over the past 12 months.

These figures are in line with those released by the SMMT that revealed registrations of fleet vehicle purchases in the UK have increased by 19.9% year on year for the first quarter of this year.

Cars on Demand has secured over 1,200 new short term lease agreements since April 2014. The increase in contracts follows a consistent growth pattern of 20 percent year on year for the last three years; it also coincides with an annual increase of 16 percent in the number of its fleet vehicles to over 600 when compared to 2014.

Cars on Demand turned over £2.9million in 2014, and operate a fleet of over 600 vehicles ranging from small city cars to performance coupes;

their plans are to introduce an additional 160 vehicles to add to the existing fleet in 2015 with the aim of increasing turnover by 25 percent.
Paul Brown, managing director of Cars on Demand, said;

“The increase in our number of new contracts over the past year clearly demonstrates that there is a real need from both individuals and businesses for more temporary leasing solutions that don’t tie them into long term, and sometimes unsuitable, contracts.

“We work with many small to medium sized businesses both in Yorkshire and across the UK that appreciate our commitment to finding them the most suitable flexible leasing contract for their needs at that particular time; be it a business or personal lease.”

Cars on Demand has been established since 2003 since incorporating, it has expanded to include five franchised branches across the UK are Ireland. There is also a second owned premises based in the South West of England.

Cars on Demand also operate Supercars on Demand, renting supercars on a daily and short term basis. This extension of the business delivers nationwide and boasts a fleet worth over £1.2 million.