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January 5, 2010updated 12 Apr 2017 4:28pm

KBC: Polish vehicle leasing to grow by up to 15%

Polish car lessors can expect a 10-15 percent new business increase in 2010, according to the head of KBC Autolease Polska, Ireneusz Tyminski. Automobile leasing volumes in Poland experienced a 36 percent drop last year, from 4.6 billion in 2008 to just 2.9 billion in 2009. However, with continued demand for Polish cars from neighbouring Germany, car sales totals for 2010 are expected to roughly match 2008s figures, with leasing taking advantage of the recovery.

By Fred Crawley

Polish car lessors can expect a 10-15 percent new business increase in 2010, according to the head of KBC Autolease Polska, Ireneusz Tyminski.

Automobile leasing volumes in Poland experienced a 36 percent drop last year, from €4.6 billion in 2008 to just €2.9 billion in 2009.

However, with continued demand for Polish cars from neighbouring Germany, car sales totals for 2010 are expected to roughly match 2008’s figures, with leasing taking advantage of the recovery.

According to the Polish daily publication Rzeczpospolita, 2010 may also see a shift in vehicle leasing from finance to operating leases.

Poland’s economy is predicted to grow by 1.8 percent year-on-year in 2010, second only to Slovakia in terms of speed of recovery.

Fred Crawley

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