The steering group was born out of a merger between Leaseurope, the European Federation of Leasing Company Associations and the European Car and Truck Rental Association (Ecatra) earlier this year.
Mike Sells, member of the Leaseurope Board and automotive steering group chairman, said: ‘Due to the high profile of its members, the steering group will benefit from considerable expertise in matters of relevance to the industry. We are looking forward to bringing that expertise to Leaseurope for the benefit of our members.
‘With such a high level of representation, the automotive steering group and Leaseurope will be forces to be reckoned with.’
The steering group is composed of members representing the sectors of vehicle leasing and rental, including the long-term and short-term rental of cars and trucks. They will act at a strategic level with the aim to steer the decisions and positions of Leaseurope in matters of automotive leasing and rental.
Other concerns include security, fraud, theft, point of sale finance and fleet management. The creation of this Steering Group was first on the agenda when Leaseurope, the European Federation of Leasing Company Associations, and Ecatra, representing the short term and long term vehicle rental industries, decided to join forces in June 2006.
The Automotive Steering Group will be the key interlocutor and partner of choice of EU and international institutions on all automotive leasing and rental industry issues. Together with the equipment and real estate sectors, automotive leasing and rental will become an even more significant part of Leaseurope’s business.
of sale finance, fleet management, new technologies (e.g. digital tachograph), CO2 emissions and other environmental concerns and future EU car taxation rules.
With 46 member associations present in 32 countries, the new Federation now represents a substantial part of all motor vehicle investment in Europe.
Looking forward, consolidated figures indicate that Leaseurope will be a formidable force representing some 20 million cars. He further remarked that "these figures illustrate the economic significance of the sector and its contribution to growth and jobs.’
The integration with Ecatra, but most importantly "the creation of the Automotive Steering Group, is a significant step forward at a time when it is becoming increasingly important to efficiently address regulatory and other issues facing this fast-developing part of the market."
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