Romania's leasing market slows down annual growth to 29.7% in the first nine months, to EUR 4.3bnPublish date: 25-11-2008
The Romanian leasing market rose only 29.7 percent in the first nine months, versus 42 percent in the same period last year, especially because the pollution tax on cars entered into force, data from the Leasing Companies Association (ALB) show.
It reached 4.29 billion euros in the first nine months, versus 3.31 billion euros in the same period last year.
The car segment represented 73 percent of the local leasing market in the first nine months, with 3.1 billion euros, while the real estate segment had only a 7 percent slice and a volume of 317.15 million euros. Equipments booked 20 percent of the market, with financing of 857.88 million euros, according to ALB.
The auto market braked advance to 48 percent in the third quarter, from a 104 percent boost in the second quarter of the year.
Equipments and real estate leasing tempered growth to 33 percent, respectively 65 percent in the third quarter, from 117 percent and 103 percent hikes in the previous quarter.
However, the local leasing market could be strongly affected starting October, following shaved off car sales, the general secretary of ALB, Adriana Ahciarliu said on November 14.
The companies within ALB represent about 93 percent of the Romanian leasing market.
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