Operational leasing market advances 14pct, in first 9 months of 2012

The operational leasing market grew 14 percent in the first nine months of 2012, compared with the same period of last year, reaching 41,500 units, the Association of Operational Leasing Companies (ASLO) estimated.

The growth recorded towards the end of 2011 was 11 percent. ASLO centralized data show that the top five member companies are LeasePlan Romania, Porsche Mobility, ALD Automotive, each with a market share of 17 percent, followed by Arval Service Lease Romania, with 12 percent market share, and Fleet Management Services with a market share of 6.6 percent. By the end of 2012, it is estimated that the total operational leasing market will exceed 42,000 units under management. In the first 9 months of the year, about 7,200 new cars were registered through operational leasing, representing 14 percent of the total registrations of cars and light commercial vehicles. Bogdan Apahidean, ASLO Chairman, estimates that the end of year can record an annual growth over 10 percent compared with 2011. He also pointed out that he kept the market growth forecast for 2013, too.

The Association of Operational Leasing Companies (ASLO) became functional in March 2011 and includes the main major operational leasing companies on the Romanian market - ALD Automotive, Alexandros Long Term Rental, Arval Service Lease Romania, BT Finop Leasing DiRENT Group, Fleet Management Services, Hertz Lease, LeasePlan Romania, Porsche Mobility, Premium Leasing, RCI Finantare Romania, Unicredit Leasing Fleet Management, and the four associate members are: Autonomous Rent a car, EurotaxGlass's Romania, Insurance Reinsurance Marsh Broker and SGS Romania.