Total leasing volumes in Europe stood at 140.5 billion in the first half of 2015, according to Leaseurope’s Biannual European Leasing Survey.
This was an increase of 9.2% compared to the same period a year ago. When excluding Russia, which underwent a severe downturn, growth reached 11.5% in the first six months of 2015.
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In terms of asset segments, vehicle leasing performed particularly well, expanding by 11.9% with a strong growth observed in the vast majority of national markets across Europe. Equipment leasing volumes also experienced a ‘reasonable’ increase of 2.9%, while real estate leasing saw more moderate growth of 1.2%.
Leaseurope’s senior adviser in statistics and economic affairs, Jurgita Bucyte said: "The European leasing market has continued where it left of in 2014 in the first half of 2015, showing the market’s resilience to phases of macroeconomic uncertainty. The robust new business volume growth of over 9.5% for non-real estate leasing, especially in the vehicle segment, again outperformed overall growth in European equipment investment, which is set to grow by 5.4% in 2015. While recent forecasts by the European Commission anticipate some challenges ahead for the European economy, the leasing industry is cautiously optimistic about the prospects for their business in the coming months as seen in the Business Confidence Survey of June 2015."
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