ALD Automotive expects EUR 30 million turnover this year

Newsroom 26/12/2013 | 06:30

Operational leasing firm ALD Automotive expects EUR 30 million in turnover this year and to reach a fleet of 7,400 vehicles, on the backdrop of a market that grew slightly to EUR 200 million because of cautious consumers and some legal changes.

Shane Dowling, general manager at ALD Automotive, the subsidiary of BRD – Groupe Societe Generale and the ALD Automotive Group, said the market had been negatively influenced by the limitation of the deductibility amortization and the stamp tax.

“This eco tax has caused a far worse impact on the market: it has a direct cost impact on new vehicles contracted under operational leasing and on the used vehicles sold at the end of their leasing term,” Dowling told BR. He added that technically, both the firm’s corporate clients using vehicle fleets and the final purchasers of its used cars will bear the cost of the new tax.

ALD Automotive has up to 2,000 vehicles that are exposed to the eco tax, according to Dowling.

The firm saw a 6 percent expansion in its number of clients to 259 at the end of October, originating from a wide array of fields including telecom, banking and pharmaceuticals.

He says the company aims to sign another 1,000 new contracts next year, with its portfolio comprising almost entirely international companies.

Companies will buy more new cars in 2014

According to data from the Association of Car Producers and Importers (APIA), registrations of new passenger cars fell 17 percent in the first nine months of this year against the same period of last year. The company car segment generated the highest growth in the market, accounting for 73 percent of new car sales by October.

“This is why I believe 2014 will bring an increase in the number of new cars sold for companies, as part of their program of finding efficient financial and logistic solutions. Regarding the used vehicle market, next year we hope to see a positive evolution of the stamp tax, which this year has caused negative effects on the operational leasing sector,” said Dowling.

Ovidiu Posirca

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