UpShift Research

Market intelligence · November 2025

Automotive Search: The 2025 Market Intelligence Report

The 2025 Market Intelligence Report

Automotive searchUsed carsNew carsCar financeCar leasing

If you want to understand where demand is going, and why it’s shifting, search remains the most honest signal in the market.

04

Introduction

Search Volume is the Most Honest Signal in the Market

Introduction · Page 04

Search Volume is the Most Honest Signal in the Market

The UK automotive sector isn’t short on data. From SMMT registration figures to marketplace dashboards and economic forecasts, there’s no lack of visibility. But if you want to understand where demand is going, and why it’s shifting, search remains the most honest signal in the market.

It reflects real, self-directed behaviour. It cuts across brand loyalty, budget, fuel type, and channel preference. And in 2025, it increasingly mirrors the pressures, uncertainties, and trade-offs facing today’s car buyer, from interest rate volatility to ZEV mandates and AI-driven discovery.

This report is based on real performance data, not hypotheticals. We’ve drawn on search volumes, organic traffic shifts, CPC trends and domain-level activity to reveal the stories that matter.

TLDR

In 2025, the story it tells is clear

  1. 01
    Used car demand has rebounded sharply

    Search demand for ‘used cars’ was up by approximately 30% year-on-year in August 2025, a sharp rebound following a sluggish first half, driven by affordability pressures and increasingly digital-first buying behaviour.

  2. 02
    Leasing is showing signs of recovery after a 3-year slump

    Not just as a finance option, but as a risk-averse way to access new EV tech.

  3. 03
    Finance queries are growing

    But they are increasingly shaped by reputational scrutiny and the fallout from mis-selling headlines.

  4. 04
    New car searches are rising modestly

    Led by brand-specific intent, not generics.

  5. 05
    EV interest remains resilient, but volatile

    A sign of curiosity outpacing confidence.

The backdrop

05

All of this is playing out against a backdrop of major structural change

  • ZEV mandates, BIK incentives, and salary sacrifice schemes reshaping purchase models
  • Public scrutiny on finance and residual values
  • Infrastructure gaps slowing down EV readiness
  • Cost-of-living pressure making flexibility more valuable than ownership
  • LLMs and AI Overviews beginning to divert attention away from traditional search journeys
  • And a search landscape where the average brand now competes with 7 others on the same page (Source - Google)

Page 06

This Is Not Just a Search Report

This isn’t just a list of keywords, it’s a reflection of why behaviour is shifting, and what brands need to do to respond.

We’ve paired search insights with deeper PESTLE analysis (Political, Economic, Social, Technological, Legal, and Environmental), understanding how these forces are shaping the commercial realities behind the search box.

The result is a layered picture: one that connects macroeconomic signals, consumer confidence, brand visibility, and channel fragmentation to the actual behaviours showing up in real-time search activity.

01

We focus on four key verticals

  • Used Cars
  • New Cars
  • Car Finance
  • Leasing
02

Industry-leading tools

To build this report, we analysed search behaviour using a range of industry-leading tools including Ahrefs, Sistrix, Similarweb & Moz. These platforms allow us to track keyword trends, traffic shifts, channel splits, and competitive visibility across thousands of domains and millions of queries.

03

EVs get their own report

We’ve also chosen to separate out Electric Vehicles into a standalone report, a category whose complexity, volatility and strategic importance warrants its own deep dive.

07

Who This Is For

This report is written for leaders in:

  • OEM marketing & strategy teams
  • Leasing, fleet & mobility providers
  • Digital marketplaces & aggregators
  • Automotive finance brands & lenders
  • Dealer groups, retail networks & commercial boards

If you’re making decisions about channel mix, product strategy, digital experience, or brand position, this is built for you.

If you just want to know what the latest Search Marketing developments are within automotive, we’ve provided a TLDR (Too Long, Didn’t Read) at the end for you!

08

Why UpShift is leading this conversation

Here’s how

We work with brands across the automotive ecosystem, from marketplaces and leasing platforms to OEMs and finance providers to solve the real-world challenges that search exposes. Whether it’s falling rankings, overreliance on paid media, or aggressive competition from established players, we help brands cut through the noise and grow sustainably, measurably, and profitably.

01

Make sense of fragmented or volatile search data

We turn shifting demand signals, across EVs, leasing, finance and used cars, into actionable insight for teams across performance, brand, and commercial.

02

Translate search behaviour into commercially actionable strategy

Visibility is just the starting point. We focus on outcomes: increasing units sold, improving ROI, and protecting margin across organic and paid channels.

03

Build full-funnel strategies that blend performance and positioning

From first click to final conversion, we help brands show up where it matters, and say something worth remembering when they do.

04

Strengthen brand clarity in competitive or commoditised categories

In aggregator-heavy spaces where everyone looks and sounds the same, we build standout, helping brands own their niche and outperform on commercial metrics.

05

Diagnose bottlenecks and unlock new routes to growth

Whether it’s a sudden rankings drop, creeping CPA, or stalled visibility, we identify where performance is stuck and what needs to change.

17

Used Cars

Market Context

Used Cars · Page 17

Used Cars: Market Context

The UK used car market between 2023 and 2025 has been shaped by an unusual mix of volatility, resilience, and recovery.

After a period of elevated demand in 2021–2022 (driven by pandemic-era supply shortages), search interest began a sustained decline from early 2023 through to mid-2024. This was no seasonal dip, it was a reflection of real-world pressure on household budgets.

From January 2023 to May 2024, UK inflation remained sticky, interest rates peaked above 5%, and consumers increasingly delayed major financial decisions. Search volumes mirrored this behaviour: intent-led keywords like “used cars”, “cars for sale”, and “cars for sale near me” all saw consistent declines year-on-year.

By early 2024, average used car prices had begun to stabilise, but that didn’t immediately bring buyers back. It wasn’t until the Bank of England cut interest rates in May and again in August 2025 that consumer confidence showed meaningful signs of returning.

Page 18 · Search Trend Highlights

Across all intent stages, discovery, browsing, and local dealership, the search data tells a consistent story

Three phases from decline to rebound.

  1. 01

    2023–2024

    A 15–20% drop in total search interest

    A 15–20% drop in total search interest across used car terms, particularly visible in Q4.

  2. 02

    Q1–Q2 2025

    Search demand remained subdued

    Terms like “used cars” and “cars for sale” hit multi-year lows by May 2025.

  3. 03

    Q3 2025

    A clear rebound emerged

    In August 2025, “cars for sale” spiked to 112,000 searches, its highest volume since January 2023. “Used cars near me” and “used cars” also saw meaningful month-on-month gains.

2.3m

Average monthly UK searches in 2025 explicitly related to “used cars”

Keywords containing “used” only · page 19
112,000

“Cars for sale” searches in August 2025, its highest volume since January 2023

Page 18
~30%

Year-on-year rise in ‘used cars’ search demand in August 2025

Page 05

Page 19

Search Trend Highlights

In 2025, UK consumers made an average of 2.3 million monthly searches explicitly related to “used cars.” This figure only reflects keywords that contain the term “used”, such as “cheap used cars” or “used cars near me.”

The true volume of intent across the category is likely far higher when factoring in high-intent phrases like “cars for sale,” specific model queries (e.g. “Golf GTI for sale”), and location-based searches.

Despite market fluctuations, this remains one of the most commercially significant search categories in the UK automotive space.

Authoritative source visual · page 19

Used Cars Search Trends

Source page showing three used-car search-volume charts.
The underlying monthly chart data was not supplied. The designed source visual is preserved rather than reconstructed with invented values.

Structured evidence

Who’s Winning the Traffic?

Estimated organic traffic across leading used-car domains, September 2025 versus September 2024.
RankDomainTypeSept 2025Sept 2024YoY
1 AUTOTRADER.CO.UK Marketplace 14,300,000 12,100,000 18%
2 CARWOW.CO.UK Aggregator 1,900,000 2,000,000 -5%
3 MOTORS.CO.UK Marketplace 1,610,000 1,450,000 11%
4 ARNOLDCLARK.COM Dealer group 1,222,000 1,309,000 -7%
5 EVANSHALSHAW.COM Dealer group 963,000 788,000 22%
6 PARKERS.CO.UK Reviews & advice 846,000 1,000,000 -15%
7 WEBUYANYCAR.COM C2B 841,000 829,000 1%
8 CINCH.CO.UK Online retailer 685,000 518,000 32%
9 LOOKERS.CO.UK Dealer group 494,000 419,000 18%
10 BRISTOLSTREET.CO.UK & VERTUMOTORS.COM Retail group 434,000 400,000 9%
11 CARGURUS.CO.UK International 339,000 873,000 -61%
12 USEDCARSNI.COM Regional 327,000 324,000 1%
13 MOTORWAY.CO.UK C2B platform 325,000 313,000 4%
14 MARSHALL.CO.UK Retail group 220,000 124,000 77%
15 STONEACRE.CO.UK Retail group 196,000 217,000 -10%
16 CAZOO.CO.UK Online retailer 131,000 389,000 -66%
17 CARSHOP.CO.UK Retailer 79,000 73,000 8%
18 EXCHANGEANDMART.CO.UK Classifieds 59,000 68,000 -13%
19 HEYCAR.CO.UK Retailer 55,000 69,000 -20%

Page 21

What’s Driving It?

Several converging forces are behind these search shifts:

01

Economic Headwinds (2023–2024)

High interest rates and declining real wages suppressed both purchasing and financing. Many consumers simply stayed out of the market, not for lack of interest, but affordability.

02

Market Correction

Used car prices peaked in 2022, but by mid-2024 had settled around £16,700, staying stable through 2025. Older vehicles (10+ years) grew in popularity, as consumers sought value, with prices for these models rising by 4.1% YoY in mid-2025.

03

Supply-Side Improvements

Stock levels began to recover in early 2025 due to increased fleet turnover and part-exchange vehicles re-entering the market. This gave dealers more to list and consumers more reason to search.

04

Interest Rate Cuts

The Bank of England’s rate cut in May 2025 (to 4.25%), followed by another in August (to 4.0%), made car finance more affordable, particularly for used stock. These moves correspond directly to the observed lift in search volume in July and August 2025.

TLDR

Strategic Implications for used cars

  1. 01
    Get to intent earlier

    Search journeys around used cars aren’t linear and they’re getting shorter. Many consumers move from initial browsing to “cars for sale near me” in the same session. If you’re only visible at the last click, you’re late.

  2. 02
    Index your stock properly, or get buried

    Used car visibility is now being driven by structured data, localised pages, and inventory freshness. Auto Trader and Motors still dominate, but dealer groups like Marshall and Lookers are outperforming with smart tech and disciplined SEO.

  3. 03
    Speak to the “value mindset”

    With average prices stabilising around £16.7k, affordability is still the deciding factor. High-growth sites are leaning into “best under £Xk” modifiers, surfacing reassurance content (MOT history, warranties, financing pre-checks), and building comparison tools, not just stock listings.

  4. 04
    Don’t bet everything on marketplaces

    While Auto Trader remains top of the pile, brands like Cinch and Motorway have proven that focused positioning + performance clarity can drive meaningful visibility gains. There’s space to play, especially if you’re building trust through content and transparency.

  5. 05
    Make search your lead indicator

    Search is often treated as a conversion channel, but it’s more than that. It’s the clearest window into demand reactivation. The recovery isn’t being declared in boardrooms, it’s playing out in 2.3 million search queries a month.

23

New Cars

Market Context

New Cars · Page 23

New Cars: Market Context

The UK new car market has shown cautious but consistent growth across 2025. As of August, registrations were up +2.4% year-to-date, on course to hit 1.9 million vehicles by year-end, the strongest post-pandemic figure to date (SMMT, 2025).

New entrants, particularly from China, have also shaken the category. BYD’s registrations grew 654% YoY in April, while Jaecoo, virtually unknown a year ago, now holds more than 11,000 UK sales YTD.

+2.4%

New car registrations year-to-date as of August 2025, on course for 1.9 million by year-end

SMMT, 2025
26.5%

EV share of the market in August 2025, the highest this year

SMMT, 2025
+654%

BYD registrations year-on-year in April; Jaecoo holds more than 11,000 UK sales YTD

Page 23

Page 23

The category’s recovery has been shaped by three primary forces

01

Fleet sales have returned in volume

Driven by pent-up demand and corporate fleet renewals.

02

Private buyers remain price-sensitive

With rising finance costs and ongoing EV confusion softening household-level interest.

03

EVs and PHEVs are surging in share

Even as overall demand fluctuates month to month. In August 2025, EVs hit 26.5% of market share, the highest this year.

Page 24

Search Trend Highlights

Unlike the used car market, where terms like “used cars” or “cars for sale” provide clean signals of demand, the new car category resists broad-brush analysis.

That’s because consumers rarely search for “new cars” in isolation. Instead, their discovery journey almost always begins with a specific brand, model, or use case in mind.

To understand what’s really happening, we focused on the primary brand keyword for each of the UK’s top manufacturers. This approach gives us two key insights:

01

How many people are actively thinking about that brand

Whether they’re potential buyers, existing customers, or general engagers. While not all searches reflect purchase intent, brand keyword volume remains a useful proxy for UK brand salience.

02

How effectively each brand converts that interest

By analysing what proportion of users actually click, and whether those clicks are won organically or through paid ads.

Authoritative source visual · page 25

Brand Search Performance

Source page comparing monthly search volume, growth and click behaviour for automotive brands.
The source comparison is retained as designed evidence so its reported click and search metrics remain faithful.
354,000

Tesla monthly searches, up +7% YoY, with a 63% organic-only click share

Page 25
+18%

BYD brand search growth YoY, with 68% of clicks going to organic listings

Page 25
+57%

Jaecoo brand search growth YoY; its primary brand keyword now averages over 20,000 searches/month

Page 25

Page 25

The results are telling

01

Brand Volume & Visibility Shifts

  • Tesla tops the charts with 354,000 monthly searches, up +7% YoY, and claims a 63% organic-only click share, a rare example of high interest and high self-owned visibility (admittedly, lots of searches will be purely informational and news related).
  • BYD has surged +18% YoY, with a remarkable 68% of clicks going to organic listings.
  • Vauxhall, by contrast, has seen –18% YoY search volume decline and the highest zero-click rate (40%), suggesting brand disengagement and poor SERP presence.
  • Jaecoo may be new to the UK, but its primary brand keyword now averages over 20,000 searches/month, up +57% YoY, a sign of accelerating interest.
02

Click Dynamics: Who’s Owning Their SERPs?

  • Kia and Hyundai rely heavily on paid search to defend their brand terms, 42% and 30% of clicks go to ads respectively.
  • Mercedes and Toyota suffer from high zero-click rates (~37–39%), indicating either info satisfaction via SERP features or loss of traffic to reviews and aggregators.
  • MG, Dacia, and Peugeot aren’t making headlines, but their search performance is steady, efficient, and well-balanced across channels. They may not be winning big on visibility, but they’re not losing ground either, a sign of solid, if understated, digital brand management.
26

New Cars

What’s Driving It?

The shifts in new car search behaviour are being shaped by multiple overlapping forces:

01

Discovery Is Still Brand-First

Brand searches dominate the new car space, but loyalty is weakening. Emerging OEMs are pulling attention away from traditional market leaders, often before the shortlist even forms. BYD, MG, and Jaecoo prove that price, product, and a strong digital footprint can rewire perception quickly.

02

Paid Search Is a Defence Mechanism

The rise in paid-only click shares suggests that many brands are forced to spend just to retain their own traffic. This may be due to poor organic optimisation, aggressive competitor bidding, or a lack of owned content surfacing for key queries.

03

Zero-Click Rates, The Invisible Fracture in Search

A rising share of brand searches are now not resulting in any clicks, a trend that can be traced directly to Google’s AI Overviews. These are generative AI summaries that appear at the top of the search results and satisfy user queries without requiring further clicks. What changed: introduced in the U.S. in May 2024 and rolled out to the UK by October 2024, AI Overviews now appear across 100+ countries.

69%zero-click searches in certain domains since AI Overviews were introduced

Behaviour shift: since their introduction, zero-click searches surged, from 56% to 69% in certain domains. Why it matters: even iconic brand terms are vulnerable. A brand might be present on the page, but the AI Summary can answer the query so conclusively that no user visits a site, limiting conversion opportunity and diminishing direct engagement.

The race for rankings no longer ends at the top of the results page.

TLDR

What this Means for OEMs

  1. 01
    If your brand isn’t contributing to the narrative, someone else will

    In the age of AI-generated answers, LLMs now synthesise content from across the web to deliver a single, authoritative response and if your brand isn’t contributing clearly to that narrative, someone else will.

  2. 02
    Withholding detail leaves a gap for others to fill

    Brands that withhold key details like pricing, performance, or comparisons in favour of polished, curated messaging risk having that gap filled by forums, reviews, and third-party sources. Transparency and content completeness are now critical, not just for SEO, but to control how AI explains your brand to your audience.

  3. 03
    Appear in the answer layer, not just the SERP

    Measuring visibility and intent via click metrics is less reliable: brands must pay attention to appear in the answer layer, not just the SERP.

  4. 04
    Content strategy must evolve

    Instead of just optimising pages for ranking, OEMs need to craft high-quality, citation-ready content that stands a chance of being included in AI Overviews.

Page 28

A Note On Electric Vehicles

Electric Vehicles remain one of the most dynamic and debated areas in the automotive industry. From policy shifts and charging anxieties to brand repositioning and search intent fragmentation, the EV space is evolving rapidly. While we’ve touched on EV-specific search trends throughout this report, we believe the category deserves its own focused spotlight.

That’s why we’re preparing a standalone deep dive on The State of EV Search, exploring everything from second-hand EV demand to the role of LLMs in shaping EV discovery. Keep your eyes peeled.

29

Car Finance

Market Context

Car Finance

29

Car Finance: Market Context

Car finance remains the dominant vehicle funding model in the UK and despite regulatory turbulence and economic pressure in recent years, the sector continues to show both resilience and relevance.

As of mid-2025, the total outstanding balance of consumer car finance agreements in the UK stands at approximately £86 billion, according to the Finance & Leasing Association (FLA). This makes it the second-largest form of consumer credit after mortgages and a critical enabler of both new and used vehicle purchases across the country.

Looking back over the last five years, the UK car finance sector has expanded steadily, with market analysts projecting continued growth through to 2030.

80%of new cars are now purchased using some form of finance

More than 80%, typically Personal Contract Purchase (PCP) or Hire Purchase (HP), with used car finance also becoming more prominent year-on-year. Source: Finance & Leasing Association.

Page 30

Market Context (cont.)

The past two years have not been without disruption. 2023 and early 2024 were shaped by elevated interest rates, rising vehicle prices, and regulatory scrutiny, particularly surrounding historic commission-based finance deals. At one point, estimated compensation liabilities relating to these practices were projected to exceed £30 billion, before being revised downward following a Supreme Court ruling in mid-2025.

Nonetheless, the finance market has bounced back strongly in 2025.

Used vehicle finance has played a growing role in this recovery. With a wider spread of price points and flexible deal structures, the used sector has slightly outpaced new car finance volumes so far in 2025, aided by strong demand in the £10k–£15k price bracket and increased buyer caution.

£5.15bn

New car finance lending in March 2025, the highest monthly total since early 2022

Page 30
+6%

Growth in the value of new finance business across H1 2025 year-on-year, with more than 1.1 million cars purchased on finance

Page 30
5.4%

Average consumer car finance rate by mid-2025, eased from 6.6% in 2024, helping restore affordability and unlock deferred demand

Page 30

Authoritative source visual · page 31

Search Trend Highlights: Car Finance

Source line chart showing monthly search volume for car finance from 2023 to 2025.
Average monthly search volume rose from around 54,000 in 2023 to above 70,000 in 2025, with peaks nearing 90,000.

Page 31

Search Trend Highlights

In 2023, average monthly search volume for the term “car finance” hovered around 54,000. But by 2025, this figure had climbed well above 70,000, with peaks nearing 90,000 during key months like March and August.

The increase is not just seasonal, it reflects underlying demand recovery, aided by softening interest rates and rising consumer awareness of financing options.

The total average monthly search across all ‘car finance’ related keywords sits at 1.1 million per month.

Authoritative source visual · page 32

PCP Shows Staying Power

Source line chart showing monthly search volume for PCP from 2023 to 2025.
PCP search volume exceeded 40,000 during peak periods, with approximately 530,000 related searches per month.
50%of ‘car finance’ demand is PCP-related search volume

The total average search volume around PCP is around 50% of the ‘car finance’ demand (approx 530,000 searches per month).

Page 32

PCP Shows Staying Power

The term “PCP” (Personal Contract Purchase) continues to perform well in search, with average monthly volume exceeding 40,000 during peak periods in 2024 and 2025. While growth has slowed slightly compared to the sharp uplift seen in 2023–2024, interest remains strong and seasonally consistent.

This suggests PCP remains the default finance structure for many consumers, particularly for new vehicles, despite growing awareness of alternatives like Hire Purchase (HP) or subscription-based models.

Page 33

What’s Behind the Growth?

Several factors are likely contributing to the uptick in search demand:

01

Average interest rates easing

Car Finance deals falling from ~6.6% to ~5.4% over the past 12 months, making finance deals more accessible.

02

Cost-of-living pressures

As fewer buyers can afford to purchase outright, finance becomes a necessity, not a luxury.

03

Better digital journeys

Comparison tools, calculators, and eligibility checkers reduce friction and increase engagement.

Page 34

Who’s Winning the Traffic?

In July 2025, the month with the most reliable data, we analysed organic traffic across dedicated automotive car finance platforms.

This view deliberately focuses on auto-specific finance providers, excluding high-street banks, comparison sites, and multi-sector lenders who also compete for search traffic in this space. While those brands play a role in the broader market, this snapshot is designed to reflect performance within the automotive vertical itself, where search intent and commercial models are more directly comparable.

Structured evidence

Who’s Winning the Traffic?

Automotive car-finance platform traffic and channel mix, July 2025. Source: SimilarWeb.
DomainEst. total trafficDirectOrganicPaidOther
CARFINANCE247.CO.UK 500,000 50% 26% 14% 10%
ZUTO.COM 393,000 48% 13% 32% 7%
CARMOOLA.CO.UK 171,000 30% 46% 16% 8%
CARPLUS.CO.UK 106,000 28% 56% 12% 4%
CARMONEY.CO.UK 73,000 43% 36% 11% 10%
MOTORFINITY.UK 71,000 29% 64% 1% 6%
MONEYBARN.COM 56,000 43% 48% 4% 5%
OODLECARFINANCE.COM 45,000 37% 15% 45% 3%
BLUEMOTORFINANCE.CO.UK 38,000 66% 29% 0% 5%
GOCARCREDIT.CO.UK 25,000 38% 57% 0% 5%
WEFINANCEANYCAR.COM 22,000 18% 39% 38% 5%
35

Who’s Winning the Traffic?

CarFinance247 leads with ~500K monthly visits, followed by Zuto (~393K) and Carmoola (~171K). However, the distribution of traffic sources tells a more nuanced story.

Motorfinity, Go Car Credit, and Carplus each generate over 50% of their traffic from organic search. While this could suggest a degree of SEO strength, it may also simply reflect limited investment in other channels. Without broader context, such as content breadth, rankings, or competitive positioning, it’s best seen as an indicator of organic reliance, rather than a definitive marker of SEO maturity.

Zuto and Oodle lean heavily on paid acquisition, with 32 to 45% of traffic coming from ads.

Bluemoto and CarFinance247 see high direct traffic (50 to 66%), suggesting strong brand recall or repeat engagement. This could indicate a degree of investment in above-the-line activity. It’s worth noting that CarFinance247 have approximately doubled their organic traffic between January 2025 and July.

This points to a market where visibility strategies vary sharply and where SEO, PPC, and brand all compete for influence.

Web-native chart

Click Behaviour Is Fragmented: clicks on the keyword “car finance”

Search behaviour for car finance is anything but linear. According to Ahrefs data (Sept 2025), clicks on the keyword “car finance” break down as follows. This “zero-click” behaviour is growing, partly due to features like AI Overviews (launched May 2023), which often answer queries without the need to visit a site.

Organic Results
36%
No Clicks
28%
Paid Ads
26%
Organic & Paid
10%
36

Car Leasing

Market Size & Role

Car Leasing · Page 36

Car Leasing: Market Size & Role

According to the British Vehicle Rental and Leasing Association (BVRLA), its members manage a leasing fleet of nearly 2 million vehicles, a figure that has grown 5% year-on-year as of early 2025.

This covers contract hire arrangements for both private drivers and businesses, as well as salary sacrifice schemes. Source: BVRLA Leasing Outlook Report – April 2025.

894,000

Vehicles on Business Contract Hire (BCH), which continues to lead the sector, up 6% year-on-year

BVRLA Leasing Outlook Report – April 2025
253,751

Vehicles on Personal Contract Hire (PCH), down 13% year-on-year, reflecting reduced consumer affordability in the face of higher interest rates and squeezed disposable incomes

BVRLA Leasing Outlook Report – April 2025
+61%

Year-on-year growth in salary sacrifice leasing, the sector’s standout success, with over 100,000 active agreements, largely driven by favourable tax treatment and EV adoption among company drivers and employees

BVRLA Leasing Outlook Report – April 2025

Authoritative source visual · page 37

EV Momentum in Leasing

Source visual showing the BEV, plug-in hybrid and hybrid composition of the leasing fleet.
BEVs accounted for 44% of new vehicles added to BVRLA member leasing fleets in Q4 2024.

Page 37

EV Momentum in Leasing

Leasing has become the most popular access route to EVs for UK drivers, driven by cost predictability and reduced upfront payments.

The growth is particularly pronounced in PCH, where BEVs represented 28% of all new orders in Q4, up from 16% in Q3 2024, a notable spike aligned with zero-emission vehicle (ZEV) mandate incentives from manufacturers.

44%of all new vehicles added to BVRLA member leasing fleets in Q4 2024 were Battery Electric Vehicles (BEVs)

New vehicles added to BVRLA member leasing fleets, Q4 2024.

Web-native chart

Total Leasing Fleet (BCH and PCH) by electrified powertrain

The total leasing fleet (across BCH and PCH) now comprises 37% BEV, 19% Plug-in Hybrid (PHEV) and 9% Hybrid.

BEV
37%
Plug-in Hybrid (PHEV)
19%
Hybrid
9%

Page 38

Strategic Challenges & Adaptations

While the business side of leasing remains resilient, the personal segment is feeling the strain. Key pressures include:

01

Affordability concerns

With UK interest rates only recently beginning to ease, PCH customers have become more cost-sensitive, often deferring renewals or shifting to used car finance models.

02

EV residual value uncertainty

Leasing providers remain cautious on pricing, as second-hand EV demand and values fluctuate.

03

Increased competition from OEM direct-to-consumer offerings

Increased competition from OEM direct-to-consumer offerings, such as subscription models and online leasing portals, is adding pressure on aggregators and brokers to differentiate.

Authoritative source visual · page 39

Search Trend Highlights: Car Leasing

Source line chart showing monthly search volume for car leasing from 2023 to 2025.
The source chart is retained because the underlying monthly series was not supplied.

Page 39

Search Trend Highlights

While “car leasing” is just one keyword, it serves as a reliable proxy for wider leasing interest in search. Its high average volume (approximately 10% of all ‘leasing’ search volume), clarity of intent, and consistent use across consumer journeys mean that trends in this term often mirror broader demand shifts across the entire leasing landscape, from brokers to aggregators to manufacturer-led schemes.

Search interest in “car leasing” has softened over the past three years, but not uniformly, and recent spikes suggest renewed interest under specific conditions.

Page 40 · Search Trend Highlights

A Gradual Downward Trend, then a Sudden Mid-2025 Recovery

Monthly search volume for “car leasing”, January 2023 to August 2025.

  1. 01

    Jan 2023 – Jun 2024

    A gradual downward trend

    From January 2023 to June 2024, there’s a clear and steady decline in monthly search volumes, dropping from over 53,000 to a low of ~34,000. This aligns with broader market pressures: high inflation, elevated interest rates, and cost-of-living concerns made leasing less accessible or appealing to many consumers.

  2. 02

    June 2024

    The lowest point across all three years

    Search interest fell to 34,787, down from 38,965 the year before.

  3. 03

    Jul – Aug 2025

    Sudden mid-2025 recovery

    This trend reversed sharply in July and August 2025, with searches jumping to 50,493 and 56,057 respectively, the highest monthly volumes seen since early 2023. This mid-year surge may be attributed to:

    • Interest rate cuts and improving consumer confidence.
    • OEM-led EV lease campaigns ahead of the Zero Emission Vehicle (ZEV) mandate ramp-up.
    • Growth in salary sacrifice schemes, which have become a mainstream leasing access point for EVs and hybrids.
    • Increased content and ad spend from brokers and aggregators in Q3, creating uplift in brand and generic search terms.

Authoritative source visual · page 41

Aggregators SEO Efforts

Source line chart comparing LeaseLoco.com and Leasing.com organic traffic from 2022 to 2025.
Leasing.com’s organic traffic more than doubled year-on-year and significantly outperformed LeaseLoco in organic search.

Structured evidence

Channel Mix – Leasing Sector

September total traffic and channel mix across the leasing sector.
DomainSept. total trafficDirectOrganicPaidOther
SELECT CAR LEASING 800,000 37% 50% 9% 4%
NATIONWIDE VEHICLE CONTRACTS 320,000 35% 47% 13% 5%
VANARAMA 162,500 24% 46% 21% 9%
HIPPO LEASING 156,000 23% 65% 8% 4%
LEASING OPTIONS 90,000 37% 48% 5% 10%
LEX AUTOLEASE 87,000 65% 32% 0% 3%
BRITANNIA CAR LEASING 70,000 39% 54% 1% 6%
SYNERGY CAR LEASING 60,000 23% 57% 15% 5%
PINK CAR LEASING 55,000 45% 8% 35% 12%
JURNI LEASING 50,000 20% 26% 48% 6%
LEASECAR.UK 36,000 29% 66% 1% 4%
GATEWAY2LEASE 36,000 36% 57% 1% 6%
CENTRAL UK VEHICLE LEASING 26,000 41% 31% 10% 18%
ALL CAR LEASING 25,000 25% 56% 2% 17%
RIVERVALE 21,000 35% 39% 10% 16%
EVANS HALSHAW LEASING 16,500 18% 70% 6% 6%
CAR LEASING MADE SIMPLE 13,000 21% 66% 1% 12%
FIRST VEHICLE LEASING 17,000 26% 60% 7% 7%
LEASING.COM 844,000 38% 37% 17% 8%
LEASELOCO 920,000 35% 26% 24% 15%

Page 42

Organic search remains the cornerstone for most players

Across the leasing landscape, traffic acquisition strategies vary significantly but organic search remains the cornerstone for most players. Organic visibility is the dominant driver of performance, with many brands seeing 45–65% of traffic from search.

Platforms like LeaseCar.uk, Hippo Leasing, and Britannia Car Leasing rely heavily on SEO, indicating a well-established presence across key leasing-related terms and a long-term investment in discoverability.

Direct traffic also plays a significant role, particularly for brands like Lex Autolease, where 65% of visits arrive directly. This suggests strong brand recognition, likely fuelled by B2B contracts, long-term fleet relationships, or customer loyalty.

Page 43

Who’s Winning the Traffic?

01

Paid strategies are more varied and tactical

Brands like Pink Car Leasing and Jurni Leasing derive 35–48% of their traffic from paid, pointing to an aggressive growth push via PPC. Others, such as Gateway2Lease, Britannia, and Car Leasing Made Simple, operate with minimal paid input, reinforcing confidence in organic visibility and funnel strength.

02

Channel mix reveals strategic maturity

  • Channel-reliant players (e.g. Jurni) are more exposed to paid performance fluctuations.
  • Organically mature brands (e.g. LeaseCar.uk, Hippo) benefit from sustainable, lower-cost acquisition.
  • Brand-led operators (e.g. Lex) win on reputation, relationships, and recall.
03

CPC Inflation Is Reshaping Paid Strategy

It’s also worth noting the significant CPC inflation across the leasing sector. Many high-intent keywords, particularly those tied to specific makes and models or location-based queries, have seen cost-per-click increases of up to 25% year-on-year. For brands relying heavily on paid traffic, this creates a mounting challenge: higher acquisition costs, fewer guaranteed returns, and increased competition for the most commercially valuable positions. For others, it’s reinforcing the importance of owning organic space, not just to improve visibility, but to defend margins.

There’s no one-size-fits-all approach in automotive leasing — but for most, owning the organic opportunity is still the foundation for long-term performance.

44

TLDR

What You Need To Know About The Direction Of Search As We Head Towards 2026

45–49

TLDR

Ten search priorities

01

AIO (AI + Human Optimisation)

Status: MATURING. Relevance to automotive: AIO content (e.g. finance guides, vehicle comparison pages) is increasingly used to scale long-tail targeting efficiently. Human-led prompts & editorial refinement are crucial for YMYL (Your Money Your Life) automotive finance content. Key watchout: AI content alone won’t rank for competitive finance keywords, E-E-A-T and editing are essential.

02

LLM Influence on Search (ChatGPT, Gemini, Perplexity, etc.)

Status: STRATEGIC. Relevance to automotive: consumers are now asking LLMs questions like “What’s the best car for under £20k with low insurance?” Brands need to ensure they’re being mentioned in the LLMs’ training data, Reddit, Quora, and aggregator content (Autotrader, WhatCar, etc.). Implication: SEO strategy now includes influencing the sources that shape LLM outputs, not just Google rankings.

03

GEO (Generative Engine Optimisation)

Status: EMERGING. Relevance to automotive: SEO teams are experimenting with optimising for AI Overviews and Search Generative Experience (SGE). Early visibility shows that Reddit, UGC, and expert-led sites (e.g. Parkers, Honest John) are rewarded. Next move: structure content for clarity, authority, and real-world experience, and track AI Overview placements (tools emerging).

04

Vehicle Ads on Google (VMLs)

Status: HIGH-PRIORITY FOR PAID. Relevance to automotive: Vehicle Listing Ads (VLAs) are expanding fast, especially in the US but increasingly rolling out in the UK. Dealers, aggregators, and marketplaces are fighting for dominance in this rich listing format. KPI shift: it’s not just about clicks anymore; inventory feed health, local targeting, and real-time pricing data are key.

05

Zero-Click SERPs & AI Overviews

Status: GROWING CONCERN. Relevance to automotive: a rising % of searches (esp. generic ones like “car finance”) result in no site clicks, traffic cannibalised by AI Overviews or featured snippets. OEMs and retailers must rethink attribution, “brand first” visibility matters more than ever. Tactic: push users to branded queries where click-through rates are higher.

06

Local Search Consolidation & Maps Domination

Status: CRITICAL FOR DEALERS. Relevance to automotive: GMB (Google Business Profiles) are more influential, with local pack driving walk-ins and phone calls. Google’s map layer increasingly appears in intent-rich searches like “used BMW near me” or “dealership finance”. Action: fully optimise dealer profiles & localised landing pages for major brand terms.

07

GA4 Confusion & Attribution Chaos

Status: FRUSTRATING. Relevance to automotive: attribution for multi-channel, multi-device journeys is messier than ever, especially for high-stakes products like cars or finance. GA4 doesn’t play well with dealer networks, finance partner handoffs, or offline test drives. Next move: brands must shift toward MMM (Marketing Mix Modelling) or incrementality testing, even in paid search.

08

YouTube Search & Shorts for Auto Discovery

Status: GROWING FAST. Relevance to automotive: users are searching on YouTube: “Best small SUV 2025,” “EV for new drivers,” “car finance explained.” YouTube Shorts (and TikTok) influence early consideration, even among older buyers now. Strategy tip: treat YouTube SEO and video content as part of your broader search visibility plan.

09

Schema & Structured Data Arms Race

Status: UNDERUTILISED. Relevance to automotive: schema for vehicle listings, reviews, finance calculators, and FAQs can dramatically boost visibility in AI and Google. Many finance pages are missing LoanOrCredit schema, which may become more important in AI answers. Key watchout: if your competitors implement schema better than you, they won’t just outrank you, they may become the only result users see.

10

The Rise of Aggregator Dominance

Status: STRATEGIC. Relevance to automotive: Google favours big aggregators (Carwow, Autotrader, Leasing.com) in top slots for many core terms. Even for branded queries, you’ll often find multiple comparison sites ahead of the OEM or dealer. Implication: brands need a dual approach: defend core brand search & integrate with aggregator strategies.

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