Volvo takes lead over Audi and BMW in the leasing market

Volvo has become the third largest manufacturer in the personal leasing market, according to Leasing.com.

The Swedish brand has generated more enquiries through the Leasing.com platform than premium rivals Audi and BMW so far this year.

Paul Harrison, Head of Strategic Partnerships at Leasing.com, said: “Volvo’s offering continues to impress lease customers thanks to its premium appeal, quality engineering and affordable lease rates. We expect the arrival of the new S60 and V60 ranges to boost demand for the brand even further.”

While there’s strong demand for Volvo’s SUV range, the most popular model to lease is the S90.

The UK is now Volvo’s biggest European market and third largest globally behind China and the US.

Leasing is the fastest growing form of finance for Volvo, with personal leasing accounting for 15% of overall sales in the UK, according to the manufacturer.

Mercedes-Benz leads the top ten, with the A-Class retaining pole position ahead of the VW Golf.

“The dependable Volkswagen Golf has been the most popular personal lease car for many years, but it looks as if the tech-laden Mercedes-Benz A-Class could steal its crown this year,” added Harrison.

Top 10 personal lease enquiries for April: