Fleet News

Euro leasing market set for strong growth

THE European car leasing market is set for strong growth according to research company MarketLine International. In its latest survey 'European Car Leasing: Future Prospects & Challenges 1996-2000', MarketLine said the recession had prompted many larger companies to reconsider their acquisition methods.

'On a pan-European level, larger companies are increasingly seeking to source their requirements within the dimensions of Europe as a whole,' said the report. 'This has led to new and formidable challenges for leasing companies across Europe and has spurred both direct expansion through subsidiaries as well as cross-border alliances.'

The UK is by far the most developed market, but along with the Netherlands, has the slowest growth rate. Southern Europe has witnessed explosive growth - a trend which MarketLine believes is set to continue. The UK and Irish markets currently account for more than 50% of Europe's lease car fleet - which translates to 2,389,925 units - and MarketLine is predicting the strongest growth to come from Portugal and Spain.

MarketLine International's report 'European Car Leasing: Future Prospects & Challenges 1996-2000' costs £495 and is available from MarketLine International, 16 Connaught Street, London, W2 2AF. Telephone 0171 624 2200.

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