New leasing volumes decreased by 7.7 percent in 2008, according
to preliminary market data from Leaseurope.
The trade association for the European leasing industry
estimated that total new volumes last year were €316 billion, or
7.7 percent down compared to 2007.
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It added that, if the effects of exchange rate variations were
excluded, the decline in new volumes was “less severe and close to
5 percent”.
The most impacted sector was real estate leasing, with a
decline in new business of around 21 percent. Others sectors were
much less affected, with vehicle leasing volumes 4.6 percent down
and equipment leasing 3.1 percent down.
Despite the slowdown, Leaseurope said that European leasing was
still responsible for financing some 28 percent of European
investment, excluding real estate.
It also estimated that the portfolio of leased assets at the end
of 2008 had a 4.5 percent increase.
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