The leasing market hit the forecast mark of 45,000 units and 5% annual growth in the first half of the year, and estimates were raised to 47,000 units for the end of the year. That target, too, has been reached in September, according to data of the association of operating leasing companies ASLO.
The association has now raised the target for 2014 to 50,000 vehicles, a 15% annual growth.
“We are confident the market will continue to grow to around 50,000 vehicles by the end of the year, a growth of 15% compared to 2013 and a return to double-digit growth,” ASLO president Daniel Ivan said in a press release Tuesday.
Operating leasing companies registered around 9,000 new vehicles in January-September, nearly 1,000 units more than in the same period last year, accounting for 15% of total new car and light commercial vehicle registrations.
According to ASLO data, LeasePlan Romania, ALD Automotive, Porsche Mobility, Arval Service Lease Romania and Fleet Management Services are the country’s top five operating leasing companies.
The association covers 90% of the local market, which is dominated by full operating leasing services (financing and fleet management) with 70%, followed by fleet management services with 22%, and operating leasing (financing only) with 8%.