Record sales for car and van broker

Central Contracts has reported a record growth in the past 12 months, with sales almost doubling since 2023.

The leasing broker, which expects growth to continue this year, also achieved a contract renewal rate of 45%.

Improved sales performance has been attributed to three factors; changing its procurement policy, investing in a new digital platform, and developing new technologies.

The new procurement policy involved developing a new acquisition programme with OEMs, a new pricing analysis system and improving the stock ordering process. 

This, coupled with more effective online marketing, has built stronger relationships with OEMs such as Vauxhall, Nissan, Renault, Kia, and Hyundai, along with the funders that underwrite the contract leasing deals, it said. 

The new digital platform has given greater visibility to the stock and deals available and newly introduced software that automatically taxes cars as well as automates document requests from funders is saving clients time and ensuring greater compliance.

Gareth Roberts, strategy director at Central Contracts, said: “This significant sales growth shows that we are heading in the right direction. Our service offering, operations and our employees are working hard to secure our success. 

“We are delighted to say we now almost topped 10,000 cars per annum in sales and that is also reassuring for the OEM and funding partners. 

“We are registering more cars month on month and now have a wider portfolio of vehicles on offer with a range of unique deals in the market.”

He added: “We are delighted with these numbers, that our partner base is continuing to grow, and that our new and existing clients are continually satisfied with our service - our contract renewal rate is testament to that - which we strongly believe is the true measure of our success.”

Last year leasing brokers, such as Central Contracts, delivered 380,000 new cars and vans into the market both in the personal and business sectors.