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Independent leasing companies account for one third of the market

Autor: Ciprian Botea

04.04.2011, 23:40 22

Independent leasing companies' turnover slid by 30-40% lastyear, above the market average, amid the companies' dependence on acertain car brand or tighter access to cheap funding.

Independent leasing companies last year granted funding wortharound 400m euros, with their market share revolving around 35%,according to industry sources. They still account for more than athird of the market even though their turnover dropped two or threetimes faster than the average of the market, which contracted by14% in 2010.

The leading position in the biggest independent leasingcompanies' ranking is held by Austria's Porsche Leasing, which in2010 funded cars worth 89.5m euros, down 26% year-on-year. Thecompany ranks third on the entire market, after UniCredit Leasingand BRD Sogelease.

As a matter of fact, four of the top ten companies on theleasing market are independent or controlled by car dealers andhold together a 20% market share. The number of top companiesaffiliated to banks is higher as they benefit from the brand powerof a major bank and its sales force.

In the independent companies' ranking, Porsche Leasing isfollowed by Afin Leasing, Impuls Leasing and RCI Leasing.

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