ALD Automotive and its North American partner Wheels Inc. have signed a strategic partnership with South African-based company Absa Vehicle Management Solutions (Pty) Ltd (AVMS) that will increase the partnership’s reach to assist clients in 46 countries.
In 2013, the leasing industry in China was affected by the introduction of the value-added tax (VAT) system in the most developed regions of the country, starting with Shanghai in January 2013 and followed in the second half of the year by Beijing, Tianjin, and five other provinces.
Private individuals represented 59 percent of the personal car market share in 2010. Over the past three years, its level has fallen and is reflected by a specific market: the company car market, according to ALD Automotive.
As a result of seven continuous years of decline, the 2013 Spanish passenger car market volume was less than half of the pre-crisis level of more 1.9 million new cars. In 2010, the total number of cars registered was 1.11 million units; in 2011, it was 928,589 units. In 2013, it was just 699,589 registrations.
The UK market sees approximately 2 million new cars registered every year, with around 50-55 percent classified as fleet or small- and medium-sized enterprise business vehicles depending upon definition. The challenging UK economic climate was expected to continue through 2013.
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 UK market sees approximately 2 million new cars registered every year, with around 50-55 percent classified as fleet business vehicles depending upon definition.
There are 34 million vehicles in operation in Mexico, of which 34 percent are commercial vehicles. Mexico has a population of 112 million people with a diversified economy. It is the 14th largest economy in the world.
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