The decline in Europe’s leasing volumes has slowed dramatically
for the first half of 2010, down 1.3% year-on-year to €94bn,
compared to a 36% decrease for
the first half of 2009.
Piero Biagi, chairman of Leaseurope’s statistics and marketing
committee, said: “While the overall market experienced a small
decline in the first half of 2010, we are far off from the double
digit decreases experienced in 2009.
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“The market has stabilised at European level and real recovery
of the leasing industry will probably be more visible in the second
half of this year.”
The latest figures from Leaseurope show the portfolio of leased
assets across Europe was valued at €633bn for the first half of
2010.
Rüdiger von Fölkersamb, Leaseurope chairman, said: “In 2010 the
European leasing industry will grant new leasing volumes above or
at least in line with 2009 levels, remaining an attractive business
proposition for its shareholders over the coming years.”
New equipment and vehicle leasing volumes dropped 2.3% in the
first half of 2010 against 2009, although real estate showed signs
of improvement, rising 6.2%.
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By GlobalDataIn terms of national markets, the best growth came from Spain,
up 13.4%. But figures for central and eastern Europe were
significantly down. New business volumes in Bulgaria dropped 46.1%,
and in Hungary by 36.9%. The Dutch leasing association also
reported new business was down 26.2%.
The UK’s Finance and Leasing Association reported a minor
decrease, down 2.7%, although this was only after the change was
adjusted for exchange rate impact.
