Hungary’s leasing market is set to rebound before the end of the
year, according to Gábor Lévai, the Hungarian Leasing Association’s
secretary general.
The Hungarian Leasing Association’s latest report revealed that
the number of contracts fell by 74 percent in the second quarter,
while the value of leases dropped by 70 percent year-on-year, to
HUF 226 billion (€843 million).
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Lévai believes that the strengthening of the forint and the
probable stabilisation of the government budget are positive signs
for the market, however. He added that although figures are worse
than expected, association members expect pessimism to decrease in
H2 2009.
The report added that commercial vehicle sales and the number of
contracts both fell by 66 percent, while the value of machinery and
equipment leases declined by 46 percent year-on-year in H1.
Jason T Hesse
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