Overview: Northern Africa Fleet Market
There are no lessors covering the whole of Africa. In the North, full-service leasing remains a marginal product, used almost exclusively by subsidiaries of international companies, which are requiring, in general, a closed-end product, similar to the one sold in Europe.
“The major difficulty is to build a quality network of suppliers to ensure the service due and get payments on time. The African market is concentrated mainly in South Africa and Morocco. ALD is also present in Egypt and Algeria, but, for the rest of the continent, existing operations are mainly local initiatives from car dealers or daily rental franchisees,” said Pascal Serres, deputy CEO of ALD International.
--By Mike Antich