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31 Jan 2020  |  Asia Pacific  |  Market Research

Light Vehicle Leasing Market in South Korea, Forecast to 2023

While Favorable Policies Create a Mature Leasing Market, Rising User Demand Causes Leasing Companies to Evolve into End-to-End Mobility Providers

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Fleet registration is expected to grow, aided mainly by registrations in the company car fleet. Company cars, which are provided mainly for work purposes in South Korea, are experiencing increased demand from industries and corporate firms. Leasing, comprising operational leasing and financial leasing, is the major sourcing channel for company cars...

03 Feb 2020  |  Asia Pacific  |  Market Research

Chinese Light Vehicle Leasing Market, Forecast to 2023

New Company Car Registrations in Financial and Operational Leasing are Expected to Record Good Growth, Reaching About 300,000 Units by 2023

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The Chinese fleet leasing market is in the early stages of development. New company car registrations in China are expected to grow slowly mainly due to fierce competition from mobility service providers offering instant and convenient private car hailing services. Moreover, the country has a well-developed public transportation network that consti...

05 Feb 2020  |  Asia Pacific  |  Market Research

Light Vehicle Leasing Market in Australia, Forecast to 2023

The Australian Leasing Industry was Mainly Characterised by Fleet Leasing in 2018; However, the Continuous Rise of Private Lease (Novated Lease) is Gradually Shifting Companies’ Attention to Individuals

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The Australian leasing industry was mainly characterised by fleet leasing in 2018, but private lease is experiencing rapid growth as it combines the benefits of both fleet and private lease. However, consumer interest in new powertrains such as electric and hybrid vehicles is insignificant, which keeps the country a long way behind the EU and the U...

19 Feb 2020  |  Latin America  |  Market Research

Light Vehicle Leasing Market in Brazil, Forecast to 2023

Expected Economic Recovery and Increasing Popularity of Fleet Outsourcing Among Brazilian Companies to Drive Operational Leasing

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The Brazil automotive industry continues to grow—following a recovery in 2017—after years of declining vehicle registrations due to the region’s economic and political turmoil. The operational leasing or long-term rental segment has grown over the last four years in Brazil by addressing the mobility needs of corporates; it is now dominating the com...

14 Feb 2020  |  Europe  |  Market Research

Light Vehicle Leasing Market in Ireland, Forecast to 2023

As All Leasing Options Saturate, Market Participants Hope for Favorable Fiscal Policies to Revive Growth in Fleet Sales in Ireland

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The Irish vehicle leasing industry is experiencing headwinds amid the uncertainties associated with Brexit. Consumers are changing their preferences in acquiring new vehicles as a result of falling residual values of old vehicles. This trend has curtailed vehicle trading; however, the effect on fleet registration is different when compared to retai...

30 Jan 2020  |  Asia Pacific  |  Market Research

Japanese Light Vehicle Leasing Market, Forecast to 2023

The Japanese Leasing Industry is Healthy and Expects Promising Growth Prospects Driven by Operational Leasing in Both the Corporate and Private Market Segments

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Fleet renewals were the major driver for new company car registrations as a strained economy caused fluctuations in total registrations over the past few years. The benefits of leasing (unlike owning) has boosted the transition from a loan purchase system to a full service operational leasing system since it has enabled corporates to focus on their...

Vehicle leasing solves several challenges associated with an organization's mobility needs, such as vehicle funding, fleet maintenance, and residual risk. To focus on their core products and services, businesses have to outsource support activities related to mobility, ranging from fleet purchasing to remarketing. Without an expert team on the job,...

Leasing companies are expected to capitalise on the demand for fleets amongst SMEs to drive operational leasing registrations in Finland. Finland is open to adopting alternate mobility solutions such as carsharing, ride hailing, and subscription services. Mobile-based mobility management is at the centre of attention in Finland, with companies such...

Vehicle leasing is seen as a solution to the growing problems faced by companies for their mobility needs, including vehicle funding, fleet maintenance and, more importantly, residual risk handling. Businesses in the present market conditions are focused on their core products/services and would like to outsource all other support activities. Mobil...