Societe Generale Equipment Finance leads Leaseurope ranking of top leasing companies

Leasing industry association Leaseurope has revealed its annual ranking of the largest European leasing companies and named Societe Generale Equipment Finance as the largest company. The ranking provides a yearly update on new leasing volumes and portfolios of the largest leasing firms in Europe. Companies are ranked according to the value of their new contracts in 2017. Societe General Equipment Finance, including ALD Automotive, reported nearly 600,000 new contracts and more than €19 billion of new business.

Societe Generale Equipment Finance leads Leaseurope ranking of top leasing companies

Jul 16, 2018

Leasing industry association Leaseurope has revealed its annual ranking of the largest European leasing companies and named Societe Generale Equipment Finance as the largest company. The ranking provides a yearly update on new leasing volumes and portfolios of the largest leasing firms in Europe. Companies are ranked according to the value of their new contracts in 2017. Societe General Equipment Finance, including ALD Automotive, reported nearly 600,000 new contracts and more than €19 billion of new business.

Spanish vehicle leasing market grows 10% in first half of 2018

The Spanish Vehicle Leasing Association (Asociación Española de Renting de Vehículos) has revealed its member fleet grew 10% in the first half of 2018, compared to the same period last year. Members added more than 155,000 vehicles, taking the total fleet to nearly 860,000 units. During June, members registered 31,604 cars and vans, a rise of nearly 16% compared to the same period last year.

Spanish vehicle leasing market grows 10% in first half of 2018

Jul 09, 2018

The Spanish Vehicle Leasing Association (Asociación Española de Renting de Vehículos) has revealed its member fleet grew 10% in the first half of 2018, compared to the same period last year. Members added more than 155,000 vehicles, taking the total fleet to nearly 860,000 units. During June, members registered 31,604 cars and vans, a rise of nearly 16% compared to the same period last year.

Average UK POS car finance breaks £20,000 barrier for first time as demand rises

New business in the point of sale (POS) consumer new car finance market grew 15% by value and 10% by volume in May, compared with the same month in 2017. The rise has pushed the average value of car finance to more than £20,000 for the first time, based on dividing the total amount financed by the number of cars funded. The percentage of private new car sales financed by FLA members through the POS was 89.3% in the 12 months to May 2018, unchanged compared with the same period to April 2018.

Average UK POS car finance breaks £20,000 barrier for first time as demand rises

Jul 06, 2018

New business in the point of sale (POS) consumer new car finance market grew 15% by value and 10% by volume in May, compared with the same month in 2017. The rise has pushed the average value of car finance to more than £20,000 for the first time, based on dividing the total amount financed by the number of cars funded. The percentage of private new car sales financed by FLA members through the POS was 89.3% in the 12 months to May 2018, unchanged compared with the same period to April 2018.

UK asset finance market continues to grow

New figures released by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) grew by 10% in May, compared with the same month in 2017. New finance for plant and machinery grew in May by 4% compared with the same month in 2017, while the commercial vehicle finance sector reported new business up by 13% over the same period.

UK asset finance market continues to grow

Jul 06, 2018

New figures released by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) grew by 10% in May, compared with the same month in 2017. New finance for plant and machinery grew in May by 4% compared with the same month in 2017, while the commercial vehicle finance sector reported new business up by 13% over the same period.

UK leasing market shrinks as uncertainty takes toll

The UK car leasing market shrank in the first quarter of 2018, according to the British Vehicle Rental and Leasing Association. The total size of the leasing sector for cars and vans was 1.329 million at the end of Q1 2018, a fall of 16,000 compared to the same period last year. The fleet leasing market for cars (contract hire and finance lease only) shrank 4% year-on-year, to end the quarter at 948,000. Total car leasing, covering all leasing types, fell by 1% year-on-year compared to growth of 2% in Q4 2017 and a rise of 11% for the same period in 2017.

UK leasing market shrinks as uncertainty takes toll

Jun 22, 2018

The UK car leasing market shrank in the first quarter of 2018, according to the British Vehicle Rental and Leasing Association. The total size of the leasing sector for cars and vans was 1.329 million at the end of Q1 2018, a fall of 16,000 compared to the same period last year. The fleet leasing market for cars (contract hire and finance lease only) shrank 4% year-on-year, to end the quarter at 948,000. Total car leasing, covering all leasing types, fell by 1% year-on-year compared to growth of 2% in Q4 2017 and a rise of 11% for the same period in 2017.