Sunderland vehicle leasing company drives “record-breaking” levels of growth

We-ar Vehicles is celebrating “record-breaking” levels of growth, with the company being on track to exceed its already strong 2021 turnover by over 50 per cent in 2022.

The Sunderland based, family-owned leasing company specialises in supplying and financing cars and commercial vehicles. Its ethos around customer service and support has been a “key driving force” to support the firm’s strong growth trajectory, with further growth and investment on the horizon, including a new site acquisition.

The business operates a fleet of thousands of leasing contracts across the UK and, despite a rocky period in lockdown with a period of closure, We-ar Vehicles weathered the storm and was able to keep its output levels high.

Monitoring of market conditions and a redirection of focus were also said to be key mechanisms to keep momentum and growth during the uncertain period for the Wearside firm.

Kaye Tansey, managing director at We-ar Vehicles, commented: “At the height of the pandemic the business closed for a short period, on reopening the market was turbulent. Our company is split between personal and company leasing, and when the pandemic unfolded the business leasing element took a hit.

“We were able to refocus our efforts, implement strict Covid-19 health and safety procedures, and the period saw an increase in personal leasing.

“Over the period there was high demand from many individuals working in key sectors who had public travel issues and in particular we facilitated the dispatch of a number of our cars to medical staff across the UK.”

Electric Vehicles (EV) also have a role to play in the growth of the car leasing market overall with recent research citing that EVs account for around 30 per cent of business leases. Alongside the environmental credentials, EVs come with a host of financial benefits to customers who utilise the salary sacrifice scheme.

Kaye continued: “The Electric Vehicle market is also a strong growth area for We-ar Vehicles. We are seeing an increase in demand for electric models and our range is extensive with over 90 models listed including some top model Lexus and Mercedes-Benz vehicles.

“Employees and businesses alike can reap some great financial incentives when leasing electric including low EV Benefit-in-Kind tax rates.”

By Matthew Neville – Correspondent, Bdaily

• Add me on LinkedIn and Twitter to keep up to date
• And follow Bdaily on Facebook, Twitter and LinkedIn
• Submit press releases to editor@bdaily.co.uk for consideration.

Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →