Fleet News

LeasePlan outlines future growth plan

In the end, it seemed that LeasePlan was just too big, too influential and too profitable to sell.

After months of speculation regarding its future, LeasePlan's owner ABN Amro has decided to take Europe's biggest automotive leasing company off the market.

Now LeasePlan has a new strategic goal to grow in Germany, eastern Europe, Italy - and to attack Europe's private buyers with leasing products.

'Takeover or not, we are still the leading company in the market with double-digit margins year-on-year,' said Hugo Levecke, managing director of ABN Amro Lease Holding, in an exclusive interview with Fleet News Europe.

'Even though the company has achieved a strong performance in markets like the UK, Belgium, the Netherlands and the USA, we have enormous growth potential in other areas,' said Levecke.

'Today ABN Amro is more convinced than ever of the enormous value of the leasing operation.'

But one of the key aims will be to sell leasing products to private buyers. Next year ABN Amro's leasing operations will launch private initiatives in France.

'We will try to follow the example of the United States, where 22% of the leasing market are private buyers,' said Levecke. 'We'd like to reach the same level in Europe in the future.' (December 2001)


Leave a comment for your chance to win £20 of John Lewis vouchers.

Every issue of Fleet News the editor picks his favourite comment from the past two weeks – get involved for your chance to appear in print and win!

Login to comment


No comments have been made yet.

Compare costs of your company cars

Looking to acquire new vehicles? Check how much they'll cost to run with our Car Running Cost calculator.

What is your BIK car tax liability?

The Fleet News car tax calculator lets you work out tax costs for both employer and employee