The German leasing sector reported a robust market ahead of the disruption caused by the Coronavirus, with growth in total volume to more than €60 billion, according to a new market report.
The report has been released by White Clarke Group in association with the World Leasing Yearbook and provides an assessment of markets in the period up to mid-2019.
It reveals that in 2018 the total volume of new business acquired in Germany was €60.7bn (as compared with €58.8bn in the preceding year).
The country survey includes in-depth research conducted by the Bundesverband Deutscher Leasing-Unternehmen (German Leasing Association), detailing breakdowns of business leasing types and market penetration.
The member companies of the BDL acquired €52.7 billion worth of new business in 2018, which was 1.8% more than in the preceding year.
The COVID-19 pandemic will affect the trajectory of growth, but before this Germany was in an excellent position in terms of the strength of its leasing markets, according to the report.
White Clarke Group is the global provider of end-to-end loan origination, servicing, collections and floorplan/wholesale finance technology for the automotive, consumer and equipment finance sectors, with clients including Toyota Financial Services, Volkswagen Financial Services, Daimler Financial Services, United Bank, LeasePlan, Hitachi Capital, Exeter Finance.
About the World Leasing Yearbook
Covering 352 pages the new World Leasing Yearbook 2020 is the essential guide to the global asset finance and leasing markets. The new edition features over 50 individual country reviews. You can purchase a hard copy or eBook version of the book on the World Leasing Yearbook website or email: email@example.com
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