Demand for Lease Transactions electric car Outperform the overall new car market in 2022.
Data from car rental comparison sites Leasing network shows that pure electric vehicles accounted for 18.8% of sales inquiries last year.
In contrast, EVs accounted for just 16.6% of total new car sales.
Leasing.com also sees a lot of interest in hybrid and plug-in hybrid vehicles. Combined with EVs, all EV models accounted for more than a third (35.3%) of leasing transaction demand.
Diesel down, mileage up
The surge in interest in electric vehicles has coincided with a continued decline in diesel demand. Diesel-engined vehicles accounted for just 10.6 percent of sales inquiries last year, compared with 17.2 percent in 2021.
The cost of living crisis has also affected the rental market, with four-year lease agreements now the most popular option. These allow customers to spread the cost over a longer period of time.
However, by 2022, the average annual driving mileage increases to around 8,000 miles. The jump from 5,000 miles per year in 2021 is attributable to motorists returning to the office and taking more social trips.
The average monthly rent in 2022 will be £354 across all individual rental customers.
A low-cost option for 2023
A persistent shortage of semiconductor chips, along with broader economic challenges, means the car customers choose depends largely on what’s available.
The Nissan Qashqai was the rental favorite, followed by the Kia Sportage and Hyundai Tucson. Seven of the top 10 models are SUVs.
In 2023, low-cost options and more electric vehicles may come to the fore. Paul Harrison, Chief Partnerships Officer at Leasing.com, commented: “This will be a key trend in 2023 as cost-conscious consumers move away from more expensive brands in favor of brands that offer similar benefits at a higher monthly cost.” Low alternative manufacturers. “
Most Popular Rental Cars of 2022
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