BUSINESS

Operational leasing market up 24 pc in Q1

The operational leasing market went up 24 per cent in Q1 2012 compared to Q1 2011, according to an Association of Operational Leasing Companies (ASLO) release. The rise in Q1 against Q4 2011 was 8 per cent, to 40,356 units. ‘The increase from 12 to 16 per cent posted at the end of  2011 of the quota of motor vehicles delivered in the operational leasing system in the total number of vehicles registered is the conformation of the fact that more and more companies have turned to this form of using vehicles. The argument is the cutbacks on expenditure related to the management of car fleets, as well as a long term fixed budget and removal of risks that do not pertain to company core business,’ said ASLO President Bogdan Apahidean.The top five member companies are now: ALD Automotive with 16.8 per cent market share and 6,670 motor-vehicles, LeasePlan Romania with 16.4 per cent market share and a fleet of 6,600 units, Arval Service Lease Romania with 11.3 market share and 4,545 units and RCI Finantare with 3,141 vehicles and a market share of 7.8 per cent. The operational leasing market growth estimate for 2012 has been positively revised to a minimum of 20 per cent, accounting for a total value of over 44,000 units.   Meanwhile, Premium Leasing acquired full membership of the association which now counts 12 fully-fledged and 4 associate member companies.

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