European leasing companies increased new
business by 4.6% last year to €224 billion, according to new
figures from Leaseurope that provide the latest evidence of a
recovery in the leasing market.

The
annual survey by Leaseurope, an association representing the
European leasing and automotive rental industry, paints a generally
positive picture of the leasing industry, although it found big
differences leasing markets between countries and types of
asset

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Vehicle leasing increased by 8%, with strong
results in the passenger car segment, particularly in the
Mediterranean (34.2%) and the Nordic region (28.4%), France (15.7%)
and the UK (9.2%). New leasing volumes for commercial vehicles also
increased, however at a slower pace compared to passenger cars
(2.8%).

Some European leasing markets experienced a
downturn in the equipment segment (excluding vehicles), which fell
by 4.4%. Excluding big ticket items, the equipment market fell by
2.2%.

Real estate leasing grew by a 15.3% increase
compared to 2009, thanks to strong demand for renewable energy
infrastructure in Italy.

Leaseurope’s chairman, Jukka Salonen, who is
also chief executive officer of Nordea Finance, said that the
European leasing industry had survived the recession and is
“bouncing back”

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“While large investments are still subdued,
recovery has taken firmly hold in the small ticket sectors, where
businesses have begun investing again, such as cars and ICT and
business equipment,” he said.

The Leaseurope figures tally with other recent
surveys showing a solid recovery in the leasing market.

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