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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...

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...

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...

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...