“The potential of Romanian operating leasing market is at 100,000 units in the upcoming years,” Ivan told a conference organized by Ziarul Financiar and the association of operating leasing companies (ASLO).
According to ASLO October data, the local operating leasing market rose 13% in the first nine months of the year, to 47,000 units, and is seen rising 15% for the full year, above initial expectations of 9%.
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.
Bogdan Apahidean, head of LeasePlan Romania, stated that the companies buying vehicles via operating leasing register significant cost cuts with positive impact on their profitability.
Ivan added that, as regards the issues of operating leasing market, used vehicle imports have a major impact on the dynamics of the sales of operating leasing companies.
ASLO 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%.