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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 ...

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...