Romanian operational leasing market up 14 percent on 9-months, says ASLO

Newsroom 12/11/2012 | 14:45

The operational leasing grew by 14 percent to 41.500 on nine months, sustained by large companies that outsourced their car fleets, while the market is set to expand by an annualized 10 percent this year, according to the operational leasing association ASLO.

Around 7,200 new vehicles were registered through operational leasing by September. This was 14 percent of the total registrations of cars and light commercial vehicles.

“We registered a slowdown in the growth trend of the operational leasing market in the first nine months. This was due, on one hand, by the fact that a series of clients reduced their car fleet, as they were impacted by the continuation of the unfavorable economic situation, while contracts that matured weren’t fully renewed and, on the other hand, due to the holiday season in Q3, when we didn’t have significant movements,” said Bogdan Apahidean, ASLO president.

ASLO estimates the market will grow by 10 percent this year, exceeding 42,000 units.

The largest members of ASLO include LeasePlan Romania, Porsche Mobility and ALD Automotive, each with a 17 percent market share. Aral Service Lease Romania holds 12 percent of the market, while Fleet Management Services has 6.6 percent.