A detailed insight into the health of the global asset finance industry launched today reveals how flexibility and innovation helped the sector respond to the emerging Coronavirus pandemic.
The White Clarke Group Global Leasing Report 2021 provides an invaluable insight into the shape of the asset finance market as it entered one of the most turbulent years in its history, when the COVID-19 crisis reshaped world markets.
Exclusive research in the report shows that before the pandemic, the USA benefited from strong growth, with annual volume of $473 billion, a rise of 10.5% year-on-year.
The region is a vital indicator of market performance, accounting for a greater volume of business than the next three largest markets combined – China, the UK and Germany.
While it remains to be seen what effect COVID will have on market performance for 2020, the research indicates the industry was in good health following a positive year end before the global health crisis began.
Brendan Gleeson, group chief executive officer of White Clarke Group, explained: “The global leasing market has continued to demonstrate flexibility and innovation in the face of economic challenges and disruptive technologies. In this unusual and challenging economic period for the auto and asset finance industry, having constant awareness of market strengths and weaknesses will be vital.”
The White Clarke Group Global Leasing Report features data on international leasing volume and growth by region, market penetration, GDP penetration ratios and market shares as well as a unique ranking of the top 50 leasing markets by size.
It is available to download for free using the form below and is prepared by global finance technology specialist White Clarke Group in association with the World Leasing Yearbook.
The 364-page World Leasing Yearbook can be purchased in digital or hardback formats at www.world-leasing-yearbook.com.
White Clarke Group provides full lifecycle loan origination and contract management software for the automotive, consumer and equipment finance sectors.
Clients include Toyota Financial Services, BMW Financial Services, Volkswagen Financial Services, Daimler Mobility Services, Secure Trust Bank, Ford Credit, Bank of Ireland, BAWAG P.S.K. Leasing, Raiffeisen Leasing and BNP Paribas Personal Finance.
To download this year’s White Clarke Group Global Leasing Report, complete the form below.