Following A Large Drop In Leasing – Signs Of Recovery
Saturday, 8. May 2010
Leasing fell dramatically across Europe during 2009 according to Leaseurope, the trade association representing the European leasing and vehicle rental industries. New lease business was down by 28.4% last year compared to 2008, this represented the greatest fall since they started keeping records in 1994. My own view is that much of this was the result of manufacturers diverting money into scrappage whilst many customers extended their existing leases rather than replace them. However, leasing volumes started to increase in the second half of 2009 with an increase of 5% so not all bad we just need a little more money available to lend and it will increase further. By Graham Hill
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