Latvia’s car leasing market has regained
its balanced long-term growth, according to Nordea Finance Latvia
Leasing. In the first four months of 2008, the amount of car
leasing transactions dropped 30 per cent compared to the same
period in 2007, but rose 36 per cent compared to the same period in
2006. It achieved a volume of €197m for the period.
Ivars Smits Nordea Finance Latvia leasing company`s board chairman
said: “Following the very rapid growth in 2007, car leasing market
has returned to balanced long- term growth.” He added that buyers
are now making more considerate decisions, compact and medium class
cars gain popularity, and the supply of used cars in the car
leasing market has grown.
its balanced long-term growth, according to Nordea Finance Latvia
Leasing. In the first four months of 2008, the amount of car
leasing transactions dropped 30 per cent compared to the same
period in 2007, but rose 36 per cent compared to the same period in
2006. It achieved a volume of €197m for the period.
Ivars Smits Nordea Finance Latvia leasing company`s board chairman
said: “Following the very rapid growth in 2007, car leasing market
has returned to balanced long- term growth.” He added that buyers
are now making more considerate decisions, compact and medium class
cars gain popularity, and the supply of used cars in the car
leasing market has grown.
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