The motor leasing market, which during its good years went beyond 3bn euros, will not melt this year, either, after the 75% plunge of 2009, and will be dominated by used cars, which in previous years held a weight of below 10%. Financing providers expect this market, once the star of the leasing industry, to stagnate or witness a very slight increase and are counting on equipment or real estate leasing, which is likely to give their turnover a boost in 2010, after a dramatic 2009 for most companies. Other businesses, such as insurance, depend on the car leasing market, since in the case of cars bought through leasing, a comprehensive car insurance policy is mandatory. In 2009, car leasing dropped to 839.6m euros, from 3.38bn euros in 2008, with the weight in the overall market standing at 63%. "I believe car leasing will not account for more than 50% in the entire market, with financing for used cars to account for the largest share of the total (...)," says Florentina Mircea, general manager of TBI Leasing.
The motor leasing market, which during its good years went beyond 3bn euros, will not melt this year, either, after the 75% plunge of 2009, and will be dominated by used cars, which in previous years held a weight of below 10%. Financing providers expect this market, once the star of the leasing industry, to stagnate or witness a very slight increase and are counting on equipment or real estate leasing, which is likely to give their turnover a boost in 2010, after a dramatic 2009 for most companies. Other businesses, such as insurance, depend on the car leasing market, since in the case of cars bought through leasing, a comprehensive car insurance policy is mandatory. In 2009, car leasing dropped to 839.6m euros, from 3.38bn euros in 2008, with the weight in the overall market standing at 63%. "I believe car leasing will not account for more than 50% in
