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Ling's Cars was founded by Ling Valentine, a Chinese businesswoman. Ling was born in Chengdu, China, and moved to the United Kingdom during the 1990s. [2] Ling best describes herself as a "scruffy Chinese girl". [3] The company was founded in 2000 by Ling and her husband Jon out of their living room.
Vehicle leasing is the leasing (or the use) of a motor vehicle for a fixed period of time at an agreed amount of money for the lease. It is commonly offered by dealers as an alternative to vehicle purchase but is widely used by businesses as a method of acquiring (or having the use of) vehicles for business, without the usually needed cash outlay.
A used car, a pre-owned vehicle, or a secondhand car, is a vehicle that has previously had one or more retail owners. Used cars are sold through a variety of outlets, including franchise and independent car dealers , rental car companies, buy here pay here dealerships, leasing offices, auctions, and private party sales.
In 2022, Auto Trader began a partnership with the Office for National Statistics sharing its used car pricing data to power its official measures of inflation, including the Consumer Prices Index. [28] Also in 2022, Auto Trader acquired Autorama, owner of Vanarama, one of the UK’s largest transactional marketplaces for leasing new vehicles. [29]
Lex Autolease was created in May 2009 from the merger of HBOS-owned Lex Vehicle Leasing with Lloyds TSB Autolease, and is currently the largest vehicle leasing business in the UK, with a fleet of about 385,000 vehicles. [1] [2] One in every thirty new cars sold in the UK is through Lex Autolease. [3]
BVRLA members are responsible for a combined fleet of almost five million cars, vans and trucks on UK roads, or 1-in-5 cars, 1-in-6 vans and 1-in-6 trucks. The vehicle rental and leasing industry supports over 465,000 jobs, adds £7.6bn in tax revenues and contributes £49bn to the UK economy each year. [2]
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