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Operational Leasing market to register double-digit growth in H1

The Operational leasing market recorded an increase of 12.3 per cent at the end of Q2 over the same period last year, reaching 45,000 units. Moreover, the market is expected to grow to 47,000 vehicles by the end of the year, according to a press release issued to The Diplomat – Bucharest

2014-08-09 00:15:54 - From the Print Edition

"The demand for operational leasing and fleet management services has increased significantly in the first half of this year and the results appeared immediately," said Daniel Ivan, president of the Association of Operational Leasing Companies (ASLO). "The trend is materialized by the signing of an increased number of contracts compared to 2013. Moreover, the investment recovery shown by the growth in the absorption rate of European funds and the increase in competitiveness resulted in a cost reduction for the end-customers." .
In the first six months of the year, about 5,400 new vehicles were registered by the operational leasing companies, more than double compared to the first half of last year, accounting for over 15 per cent of total registrations of both cars and light commercial vehicles.
Furthermore, taking into account the interest for operational leasing and fleet management services, evidenced by the increasing number of requests from companies owning fleets, Ivan estimated that the total operational leasing market could reach 47,000 units by the end of 2014. ASLO members account for 90 per cent of the market, its top five players including LeasePlan Romania, ALD Automotive, Porsche Mobility, Arval Service Lease Romania and Fleet Management Services.

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