Leasing volumes in Germany are expected to rise 4 percent to €43.6bn this year compared to 2009. A boom in the second half of 2010 offset the decline of previous months, and indicated that 2011 may be a strong year for Germany.
The figures from Germany’s national leasing association BDL showed that mobile assets increased by 2.5 percent to €41.1bn in 2010. Vehicle leasing increased 2.6 percent, IT and office equipment was up 2.5 percent up, and plant and production machinery rose 1.6 percent. Real estate leasing grew by 35 percent to €2.6bn.
BDL president Martin Mudersbach said: “Growth will be much stronger in 2011. The atmosphere in the leasing industry hasn’t been so good in a long time.” A large number of transactions done during the last few months of 2010 will be accounted for in the 2011 new business statistics.
Cars and commercial vehicles remain Germany’s strongest asset type for leasing, accounting for more than 64 percent of new business. Public sector leasing expanded its share from 2.8 percent last year to 4.2 percent in 2010. A higher number of big ticket transactions meant that rail, marine and aircraft leasing doubled their share of overall leasing.
Consumer car leasing halved last year, as the scrappage scheme saturated the market. Overall consumer leasing fell to €2.6bn.
“Although the lion’s share of our business is done with commercial customers, such a reduction for private customers has had an impact on total volumes,” Mudersbach said.