Vehicle financing accounted for nearly 73% of the company’s portfolio in the first nine months, while equipment leasing accounted for around 22%.
On the auto segment, cars accounted for around half of sales (52%) and financing for the acquisition of new cars increased 84% compared to the first nine months of 2013, the leasing company said in a statement Wednesday.
Heavy commercial vehicles, accounting for 38% of auto financing, tripled in value compared to the same period last year. Light commercial vehicle financing accounted for 10% of the auto segment.
Leasing acquisitions of heavy commercial vehicles also fueled the growth of the local auto market segment by 18.7%, to EUR987.5 million.
BCR Leasing is part of BCR group, owned by Austria’s Erste Group.