Leasing volumes in Germany are expected to
rise 4 percent to €43.6bn this year compared to 2009. A boom in the
second half of 2010 offset the decline of
previous months, and indicated that 2011 may be a strong year
for Germany.
The figures from Germany’s national leasing
association BDL showed that mobile assets increased by 2.5 percent
to €41.1bn in 2010. Vehicle leasing increased 2.6 percent, IT and
office equipment was up 2.5 percent up, and plant and production
machinery rose 1.6 percent. Real estate leasing grew by 35 percent
to €2.6bn.
Go deeper with GlobalData
BDL president Martin Mudersbach said: “Growth
will be much stronger in 2011. The atmosphere in the leasing
industry hasn’t been so good in a long time.” A large number of
transactions done during the last few months of 2010 will be
accounted for in the 2011 new business statistics.
Cars and commercial vehicles remain Germany’s
strongest asset type for leasing, accounting for more than 64
percent of new business. Public sector leasing expanded its share
from 2.8 percent last year to 4.2 percent in 2010. A higher number
of big ticket transactions meant that rail, marine and aircraft
leasing doubled their share of overall leasing.
Consumer car leasing halved last year, as the
scrappage scheme saturated the market. Overall consumer leasing
fell to €2.6bn.
“Although the lion’s share of our business is
done with commercial customers, such a reduction for private
customers has had an impact on total volumes,” Mudersbach said.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
