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February 3, 2014updated 12 Apr 2017 3:59pm

German leasing flat at €46.5bn

The German equipment leasing market was in flat in 2013 with €46.5bn in new business volumes for the year, the same figure as 2012 and the second consecutive year of little or no growth in Europe's largest leasing market, according to data from the German leasing association, the BDL.

By Mike Cobb

The German equipment leasing market was in flat in 2013 with €46.5bn in new business volumes for the year, the same figure as 2012 and the second consecutive year of little or no growth in Europe’s largest leasing market, according to data from the German leasing association, the BDL.

The leasing market has been in the doldrums since the end of 2011, growing just 0.2%, or €100m, up to the end of 2013. This lack of growth has been caused by a slowdown in overall equipment investment in Germany over the same period, which only rose by €4bn in 2013 to €319bn but was still slightly down on the 2011 figure of €324bn.

Overall penetration rates did creep higher in 2013, however, up to 23% from 22.8% in 2012 but remain 90bps below the record levels of 2005.

Excluding passenger car and commercial vehicle finance, the biggest industry sector for leasing remains productions machinery with an 11% market share. The office and IT equipment sector commands a 9% share.

Manufacturer and vendor sales-aid finance continued to be the strongest sales channel in Germany with over half of all deals originating in this way. Direct sales took 29% of the market, while sales made over the counter at banks and through brokers and other intermediaries, accounted for 11% and 5%, respectively.

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