The decline in Europe’s
leasing volumes has slowed dramatically for the first half of 2010,
down 1.3% year-on-year to €94bn.
This compares to a 36%
decrease for the first half of 2009.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
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 the double-digit decreases of 2009. 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.”
Latest figures from
Leaseurope (see table below) show the portfolio of
leased assets across Europe was valued at €633bn for the first half
of 2010.
Leaseurope chairman Rüdiger
von Fölkersamb said: “In 2010, the European leasing industry will
grant new volumes above or at least in line with 2009 levels,
remaining an attractive business proposition for shareholders over
the coming years.”
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataNew 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%.
In 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.
