Leaseurope, the trade association representing the European leasing and automotive rental industries, has released the results of its Annual Statistical Survey of the European leasing market for 2011.
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The survey demonstrates that new leasing business in Europe increased by 7%1 in 2011 to reach €248bn. This continued improvement on 2010 further demonstrates that the European leasing industry has maintained its overall path to recovery.
Most of European markets witnessed steady growth in 2011; however the survey continues to show divergences across regions and asset types. Equipment and vehicle leasing were the driving force for the
European leasing market’s positive performance, accounting for €224bn of new volumes and an 11% growth rate. In particular, the automotive segments and especially commercial vehicle leasing, made an important contribution to the overall increase in equipment in 2011, with 17% growth in commercial vehicle leasing volumes.
The upturn of new equipment leasing volumes was especially pronounced in the Baltic countries, Ukraine and Russia. Equally, Germany, France, the UK and the Nordic and CEE markets generally performed well in equipment and vehicle leasing. However, Southern European markets, including Italy and other countries from the Mediterranean region experienced a considerable downturn. Real estate leasing saw a significant dip in new volumes contracting by nearly 19%.
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