Arval, one of the leading companies on the local market, expects revenue to increase by up to 20% next year to EUR25 million, officials say, generated by almost 5,200 vehicles.
“The 15% estimate of the Association of Operational Leasing Companies will most likely be revised. We, for instance, see the operational leasing market grow by 20% in 2011, a trend that will continue into next year,” said Dan Boiangiu, commercial manager of Arval Romania.
“Companies started buying again and this trend is irreversible, especially because they preferred to wait for several years and cars need to be replaced for cost reasons.”
The fleet financed by Arval reached almost 4,000 vehicles in the first nine months and should reach 4,300 by yearend. The company managed a fleet of 3,400 units at the end of last year and 2,700 at the end of 2009.
Arval Romania has more than 200 clients, the most important of which is electricity company Enel Romania, with a fleet of about 1,000 vehicles.
(English version by Loredana Fratila-Cristescu)