Private Leasing on the Rise in the EU

Private leasing in certain EU markets has increased 1.2% compared from 2015 to so far in 2018, according to a report from Dataforce.

This total market has increased from 0.9% in 2015 to 2.1% for 2018, year-to-date, with the total volume of private leasing increasing every year by 50%, according to Dataforce. The Netherlands has led this trend, with private leasing in the country being 10.6% of the total market.

New accounting rules in 2019 that require fleets to put cars with operational leases on the company’s balance sheet may further bolster this trend toward private leasing, according to the report. In the last two years, Kia has lead the market in terms of which brand has managed to put most cars on private leasing, and is at 12.5% year to date. This is followed by Volvo with 9.3% of the market on private leasing and Toyota at 7.3%.

Segments customers are most interested in regarding this type of leasing are smaller cars, larger SUVs, and passenger cars, according to Dataforce. The top two models under this type of leasing model are the Kia Sportage (4.4%) and the Kia Picanto (3.7%).