Romania’s operational leasing market reaches 41,595 units on nine months

Newsroom 30/10/2013 | 15:01

A number of 8,000 new vehicles have been registered on the operational leasing market in the first nine months, while the market posted a slight growth of one percent to 41,595 units, against the same period of last year.

Daniel Ivan, president of the Association of Operational Leasing Firms (ASLO) suggested the market will remain flat this year because of the difficult economy and the changes in regulation.

“I estimate we will reach 42,000 vehicles by yearend, which is a slight growth from 2012,” said Ivan.

ASLO representatives claim the market has the potential to reach EUR 200 million this year, estimating that around 10,000 new vehicles will be registered under the operational leasing system.

The association members added that the massive imports of used cars and the subdued domestic consumption may hamper the development of the market this year.

Within the association, which comprises 90 percent of the market, full operational leasing services (financing and fleet management) hold a 70.97 percent share. Fleet management has 21.4 percent, while operational leasing (excluding financing) has 7.63 percent.

The five biggest ASLO members are LeasePlan Romania, ALD Automotive, Porsche Mobility, Arval Service Lease Romania and RCI Finantare.