GLASGOW based First Vehicle Leasing has reported record growth figures, with an increase in turnover by 25% to £2.5 million; it has have also supplied around 3200 vehicles in its latest financial year. The company has also self-funded around £50 million of vehicle transactions.
65% of our turnover is personal vehicle leasing, rather than the commercial market
Graham McCarthy, Director at First Vehicle Leasing, attributes the success to the growth in the personal vehicle leasing market. He said;
“65% of our turnover is personal vehicle leasing, rather than the commercial market, and we have benefited from a healthy rise in demand within this market sector.
“And with new car registrations in the UK reaching a 10 year high last year, to some 2,476,435 new cars, according to figures from the Society of Motor Manufacturers and Traders, having grown by more than 9% over the previous year, we are optimistic that there is ample scope for further significant growth.”
