Fleet size of leading vehicle hiring companies in the UK 2019

Lex Autolease was the leading vehicle leasing company in the United Kingdom. It had a fleet size of 358,838 vehicles in 2019, nearly double the amount in operation by the next entry. Lex Autolease was established in 2009 under its parent Lloyds Banking Group, which was the third largest bank in the UK by total assets held in 2018.

Lex Autolease performance

Lex Autolease had generated a gross profit of 378 million British pounds in 2017. The past years had been volatile for the industry, which was reflected in the fluctuating profits made by the leasing company.

Future of vehicle leasing

As of 2018, the UK market for auto and asset leasing was the third largest in the world and expected to grow further in the next few years. Projections see the market generating 21.45 billion U.S. dollars in revenues in 2019. By 2023 vehicle leasing was forecast to be worth nearly 24 billion U.S. dollars.

Leading vehicle hire and leasing companies in the United Kingdom (UK) in 2019, by fleet size

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Source

Release date

2019

Region

United Kingdom

Survey time period

November 2019

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