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The global automotive product to service market will be driven by mobility, connected services, and value-added upgrades. New business model disruptions are expected and they will extend the automotive service revenue pool up to $ 1.3 trillion. Car companies are evolving from the business of merely manufacturing and selling cars, to providing relat...

12 Jul 2021  |  Europe  |  Market Research

Denmark Light Vehicle Leasing Growth Opportunities

Digital Sales Channel Development-Led Used Car and Electric Vehicle Leasing are Key Market Growth Areas

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Companies view vehicle leasing as a solution to the growing number of challenges they face in their mobility needs. These include challenges associated with vehicle funding, fleet maintenance, and, more importantly, residual risk handling. Businesses focus on their core products or services and seek to outsource support activities. Mobility is a si...

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...

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...

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...

In 2021, the electric vehicle (EV) penetration rate in North America was low, at less than 4%, but several geopolitical factors are sending the trend on an upwards trajectory. For example, a ban on Russian oil by the United States and Canada after the start of the Russo-Ukrainian War has caused oil prices to soar in many places. As a result, the vo...

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...

Connected car technology is a groundbreaking trend in the automotive industry. Many automobile manufacturers offer telematics as a standard feature in new vehicles. European leasing and rental companies embracing telematics technology adopt factory-fit telematics solutions or work with independent telematics companies to install solutions customize...

10 Jan 2020  |  Europe  |  Market Research

Strategic Analysis of European Used Car Leasing Market, Forecast to 2023

As Company Car Market Begins to Saturate, Global Leasing Companies are Beginning to Remarket Used Cars in Operational Leasing Format in Western and Northern Europe

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The global fleet & leasing industry is starting to focus on remarketing used cars in the B2C channel from the traditional B2B channel. Traditionally, fleet leasing companies in Europe sold used cars in bulk to small dealers through auctions and brokers (B2B). Dealers sold these cars to end users with flexible finance options including personal loan...