Total leasing volumes in Europe were €164.3 billion in the first half of 2017, an increase of 10.5% compared to the same period a year ago, according to Leaseurope, Europe’s leasing and automotive rental trade association.
Its biannual European leasing survey, based on information collected from member associations, reveals growth was observed across all main asset categories.
Vehicle leasing expanded by 9.8%, albeit at a somewhat slower rate compared to the first half of 2016, while equipment leasing volumes increased by 12%.
New business volumes in real estate leasing grew by 12.3%.
Leaseurope’s senior adviser in statistics and economic affairs, Jurgita Bucyte, said: “The double-digit increase in new business volumes in the first half of 2017 clearly indicates that the leasing industry has been able to sustain its growth seen since 2014.
“Looking at the remainder of the year, leasing professionals remain optimistic, expecting positive market results.”