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Bucharest
October 29, 2020
BUSINESS

Operating lease market, up 9 pc in 2014

The operating lease market might reach a figure of 47,000 vehicles at the end of the year, with a 9 percent increase compared to last year, as the estimation was positively adjusted by the Operating Lease Companies Association after the initial target for 2014 was reached mid-year, according to a press release.  Earlier this year, the association representatives estimated an annual 5 per cent increase to 45,000 units after the market had reached almost 43,000 cars last year, 3.5 per cent more than 2012. After the first half, the 45,000 cars threshold estimated for the entire year was exceeded in a 12.3 per cent increase on a year-on-year basis, as the operating lease companies registered about 5,400 new cars for January-June (15 per cent of the total registrations of cars and light vehicles), more than double of the reference interval of 2013, in the context of the economic growth and the rejuvenation of the cars sales.  According to Daniel Ivan, chairman of ASLO, this positive trend was boosted by both by investments which were launched again through the higher degree of absorption of European funds and the higher competitiveness which led to a reduction in costs for the final clients.

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