Romania's Operating Leasing Market Tops 53,000 Units
Romania's operating leasing market has risen above 53,600 units under management at the end of the third quarter of 2015, up 14 percent compared to the same period of 2014 and 9 percent from the beginning of the year, according to data from the Operating Leasing Companies Association (ASLO). Between January and September 11,000 vehicles were registered by operating leasing companies, representing 17 percent of all new registrations, an increase of 2 percentage points over the same period last year, according to a report by Balkans.com.
According to data centralized by ASLO, the top five companies on the market are LeasePlan Romania, ALD Automotive, Porsche Mobility, Arval Service Lease Romania and RCI Financing Romania, the report stated.
The Association’s members represent 98 percent of the total market, according to the report.
Within the association’s portfolio structure there was an increase in customer preference for full service operating leasing (finance and fleet management) with a share of 70 percent, followed by fleet management with 21 percent, the remainder being operating leasing without service administration. Among the services associated with managing the fleet, the most requested are: maintenance and repairs, insurance (MTPL and CASCO), roadside assistance and car replacement in case of incapacity of the contracted vehicle, according to the report.