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Vehicle leasing is seen as a solution to the growing number of challenges faced by companies with regard to their mobility needs. Amongst others, these include challenges associated with vehicle funding, fleet maintenance, and, more importantly, residual risk handling. Businesses in the present market conditions are focused on their core products/s...

Vehicle leasing is seen as a solution to the growing number of challenges faced by companies with regard to their mobility needs. Amongst others, these include challenges associated with vehicle funding, fleet maintenance, and, more importantly, residual risk handling. Businesses in the present market conditions are focused on their core products/s...

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...

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 more focused on their core products/services and would like to outsource all other support activities. ...

17 Feb 2020  |  North America  |  Market Research

Light Vehicle Leasing Market in Canada, Forecast to 2023

Company Car Leasing is Expected to Register a Stable Growth Over the Forecast Period as Corporate Firms Continue to Renew Fleets to Support Growing Business

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Company cars are usually provided as tool-of-work vehicles in Canada. Growth in company cars was spurred by the growing demand for fleet vehicles from the industrial sector, which received a fillip from Canada's strong overall economic performance. Leasing, covering operational leasing and financial leasing, is the major sourcing channel in Canada....

05 Feb 2020  |  North America  |  Market Research

Light Vehicle Leasing Market in Mexico, Forecast to 2023

Despite the Decreasing Volumes of New Fleet Leasing, Increasing Consumer Awareness and Expected Recovery in Macro-economics will Drive Growth from 2020

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The Mexican vehicle leasing industry is experiencing challenges due to a variety of reasons including macro-economic factors, such as tight public investments, trade tensions with the United States, and the global economic slowdown. However, the change in the government after the 2018 general elections is expected to open new opportunities in the m...

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...

04 Feb 2020  |  North America  |  Market Research

Light Vehicle Leasing Market in the United States, Forecast to 2023

The Penetration of Electric Vehicle Among Company Car Fleets is Lower Than Retail Channel, As Concerns Over Total Cost of Asset Operation Has Slowed Down Uptake

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Company car registrations increased from 2013 to 2018, spurred by a strongly performing industrial sector. While utility vehicles comprise a major part of company fleets in the US, growth in various sectors of the economy has driven demand for new vehicles and fleet renewals. Financial leasing is the dominant leasing solution in the US. This is att...

Despite the slump and slow recovery in automotive sales following the pandemic and ongoing semiconductor shortages, the vehicle leasing and rental industry in the Americas is on a robust growth trajectory. The Americas denotes Canada, the United States, Argentina, Brazil, and Mexico. Leasing and rental companies in North America and Latin America f...