Bucharest will boast a fleet of over 1.6 million vehicles by 2012, up 60% against the number of vehicles estimated this year, according to a study conducted by the Division in charge of Driving Licences and Vehicle Registration (DPCIV) of Bucharest's Traffic Police Department. "For 2012, we estimate the car fleet will amount to 1.64 million cars - double against 2004. For this year, the Capital's car fleet is estimated at 1.09 million vehicles," said Dan Mosescu, general manager of DPCIV. The accelerated growth of the number of cars is based on the rise seen by the car leasing market, which made it easier for people who "could not otherwise afford to buy a car", to acquire one, added Mosescu. DPCIV introduced an online vehicle registration service, via which around 12,000 vehicles have been registered so far. Seven leasing companies have started to use this system, which is designed to simplify the registration process, with their number expected to grow over the coming year by another three dealers from Bucharest and three from Cluj. Porsche Leasing and Unicredit Leasing are the first two companies in Bucharest to have introduced this online application. Since mid-November, Unicredit Leasing has seen 1,000 online registrations, and estimates the number of vehicles registered online will stand at around 15,000 next year. "Almost half of this year's registrations were dealt with by leasing companies, and I expect their weight to rise in the coming years. As for issuing temporary registrations, dealers account for the bulk, with around 81% of the total number of registrations," added Mosescu.
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