Euro Leasing Analyzed Ukrainian Leasing Market
OREANDA-NEWS. On 27 August 2009 was announced, that as a result of the first half of 2009 the Ukrainian transport leasing market showed new trends that were proved by respective research of information analytical group “Auto-consulting”. The main changes: decrease of the total fleet of leasing companies by 3% and the number of new cars registrations.
The fleet volume of 13 biggest leasing companies that make up 80% of the leasing market decreased by 3% comparing to the first quarter of 2009, and equaled to 18 563 units as of July 1st, 2009. The number of new cars registrations in the first half of the year came to 1 366 units, and the number of off-lease cars totaled 1 959 units. Moreover the rate of leasing fleet volume drawdown is much bigger than the new volumes of leasing companies - for 69.7%. For the second quarter of 2009 the new volumes/off-lease vehicles ratio was 96.8%, for the same period of the previous year it equaled to 412%.
This tendency indicates that leasing companies have selected restrained financing policy. Today leasing companies are more likely to finance used vehicles, and this is really beneficial for lessees. Signing a leasing agreement is quite an easy procedure, the prices for used cars are decreasing constantly, and moreover the state of ex-leasing vehicles is usually better than the state of used vehicles from car market as they were serviced regularly under control of leasing companies.
Anastasiya Steklova, Director of Sales and Marketing Department of Euro Leasing company comments: "Today leasing companies finance mostly off-lease vehicles. As to the new vehicles finance this year was marked with considerable reduce in premium-class cars leasing, the car makes that still have financing are Volkswagen, Ford, Renault, Skoda, Cherry, I-VAN. The auto leasing market demonstrated short-cut of the fleet in the amount of 459 (i.e. for 2%) cars in the first quarter, and 29 cars in the second quarter. This is definitely a positive trend".
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