Leaseurope Biannual Survey

2011
Table of Contents

1. Total European leasing market - first semester 2011

2. Total European leasing market - first semester 2011/ first semester 2010
3. Leasing volumes for equipment - first semester 2011
4. Leasing volumes for equipment - first semester 2011/ first semester 2010
5. Exchange rates

1. Total European leasing market - first semester 2011

New Production (Mio )

Equipment
AT
BE
BG
CH
CZ
DE
EE
ES
FI
FR
FR
GR
HU
IT
LV
NL
NO
PL
PT
RO
RS
RU
SE
SI
SK
UK

Verband sterreichischer Leasing-Gesellschaften - VL

Association Belge des Entreprises de Leasing
Bulgarian Association for Leasing - BAL
Association Suisse des socits de Leasing
Czech Leasing and Finance Association - CLFA
Bundesverband Deutscher Leasing-Unternehmen e.V. - BDL
Estonian Leasing Association
Asociacin Espaola de Leasing y Renting - AELR
Federation of Finnish Financial Services - FKL
Association franaise des Socits Financires - ASF
Fdration Nationale des Loueurs de Vhicules - FNLV
Association of Greek Leasing Companies
Hungarian Leasing Association
Associazione Italiana Leasing - ASSILEA and ANIASA
Latvian Lessors Association
Nederlandse Vereniging van Leasemaatschappijen - NVL
Finansieringsselskapenes Forening
Polish Leasing Association
Associao Portuguesa de Leasing, Factoring e Renting - ALF
Leasing and Non-Banking Financial Services Association
Association of Leasing Companies in Serbia - ALCS
United Leasing Association of Russia
AFINA - Associations of Swedish Finance Houses
Leasing Committee of the Banking Association of Slovenia
Association of Leasing Companies of the Slovak Republic
Finance and Leasing Association - FLA

TOTAL

Outstandings (Mio )

RE

Total

Equipment

2.556,0
2.022,0
249,9
4.042,4
903,8
21.300,0
345,0
2.905,5
1.770,0
12.448,0
3.962,5
141,6
564,8
7.545,1
238,5
1.901,0
2.248,1
3.520,8
1.198,0
537,0
114,9
7.726,2
5.138,5
386,0
847,1
18.357,7

727,0
203,1
30,6
106,9
41,1
750,0
0,0
581,3
0,0
2.778,0
0,0
157,2
26,0
5.535,5
0,0
na
2,0
162,7
371,0
74,0
0,0
246,7
3,2
119,0
103,0
129,0

3.283,0
2.225,1
280,6
4.149,2
944,9
22.050,0
345,0
3.486,8
1.770,0
15.226,0
3.962,5
298,8
590,9
13.080,7
238,5
1.901,0
2.250,2
3.683,5
1.569,0
611,0
114,9
7.972,8
5.141,8
505,0
950,1
18.486,7

na
8.746,8
1.680,1
15.925,0
4.089,7
90.000,0
1.619,0
19.363,7
7.611,0
46.616,0
na
1.926,5
5.703,9
42.700,0
1.144,2
na
10.351,3
8.158,5
5.272,0
na
657,0
32.970,2
26.634,3
1.379,0
2.852,2
97.635,6

RE
na
4.023,2
278,8
930,0
1.232,1
40.000,0
66,0
11.407,2
352,0
37.707,0
0,0
5.518,1
1.427,3
79.300,0
0,4
na
314,1
1.394,1
6.808,0
na
0,0
914,4
115,1
2.114,0
494,6
na

Total
na
12.769,9
1.958,9
16.855,1
5.321,7
130.000,0
1.685,0
30.770,9
7.963,0
84.323,0
na
7.444,6
7.131,1
122.000,0
1.144,6
na
10.665,4
9.552,6
12.080,0
3.397,0
657,0
33.884,5
26.749,4
3.493,0
3.346,8
97.635,6

102.970,5

12.147,4

115.117,9

433.035,8

194.396,2

630.829,1

Notes:
Figures in italics indicate Member Associations' estimates
For FNLV, the figures are Leaseurope estimates based on the number of new vehicles leased during the period
Leasing volumes for equipment include vehicles
The value of outstandings for Portugal is only for financial leasing
Leaseurope members not reporting in this enquiry:
Belgium: RENTA; Cyprus: Cyprus Car Rental Association; Denmark: Finans og Leasing; Greece: Greek Car Rental Companies Association; Ireland: Irish Finance Houses
Association; Luxembourg: Fdration Luxembourgeoise des Loueurs de Vhicules; Netherlands: Verenigine van Nederlandse Autoleasemaatschappijen; Serbia &
Montenegro: Association of Leasing Companies in Serbia; Spain: Association Espanola de Renting de Vehculos - AER; Morocco: Association Professionnelle des Socits de
Financement; Tunisia: Association Professionelle Tunisienne des Banques et des Etablissements Financiers; Ukraine: Ukrainian Union of Lessors; United Kingdom: British
Vehicle Rental and Leasing Association - BVRLA
Short term car rental members do not take part in this enquiry

2. Total European leasing market - first semester 2011/ first semester 2010

New Production (Mio )

H1 2010
Equipment
AT
BE
BG
CH
CZ
DE
EE
ES
FI
FR
FR
GR
HU
IT
LV
NL
NO
PL
PT
RO
RS
RU
SE
SI
SK
UK

Verband sterreichischer Leasing-Gesellschaften - VL

Association Belge des Entreprises de Leasing
Bulgarian Association for Leasing - BAL
Association Suisse des socits de Leasing
Czech Leasing and Finance Association - CLFA
Bundesverband Deutscher Leasing-Unternehmen e.V. - BDL
Estonian Leasing Association
Asociacin Espaola de Leasing y Renting - AELR
Federation of Finnish Financial Services - FKL
Association franaise des Socits Financires - ASF
Fdration Nationale des Loueurs de Vhicules - FNLV
Association of Greek Leasing Companies
Hungarian Leasing Association
Associazione Italiana Leasing - ASSILEA and ANIASA
Latvian Lessors Association
Nederlandse Vereniging van Leasemaatschappijen - NVL
Finansieringsselskapenes Forening
Polish Leasing Association
Associao Portuguesa de Leasing, Factoring e Renting - ALF
Leasing and Non-Banking Financial Services Association
Association of Leasing Companies in Serbia - ALCS
United Leasing Association of Russia
AFINA - Associations of Swedish Finance Houses
Leasing Committee of the Banking Association of Slovenia
Association of Leasing Companies of the Slovak Republic
Finance and Leasing Association - FLA

TOTAL

% Change
H1 2011

Equipment

Unadjusted for exchange rate impact

RE

Total

RE

Total

2.138,0
1.668,2
158,5
3.298,2
731,5
18.470,0
202,0
3.647,5
1.603,0
11.027,0
3.656,2
245,6
479,5
8.548,1
104,2
1.742,0
1.918,5
2.712,9
1.763,0
405,0
87,7
3.879,5
4.784,2
335,0
673,3
17.416,2

489,0
196,2
35,0
47,9
38,9
800,0
0,0
936,6
0,0
2.744,0
0,0
372,5
47,1
4.877,5
0,0
na
4,0
140,2
628,0
92,0
0,0
106,8
1,1
189,0
43,1
111,5

2.627,0
1.864,4
193,5
3.346,1
770,3
19.270,0
202,0
4.584,1
1.603,0
13.771,0
3.656,2
618,1
526,6
13.425,6
104,2
1.742,0
1.922,5
2.853,1
2.391,0
497,0
87,7
3.986,3
4.785,3
524,0
716,4
17.527,7

2.556,0
2.022,0
249,9
4.042,4
903,8
21.300,0
345,0
2.905,5
1.770,0
12.448,0
3.962,5
141,6
564,8
7.545,1
238,5
1.901,0
2.248,1
3.520,8
1.198,0
537,0
114,9
7.726,2
5.138,5
386,0
847,1
18.357,7

727,0
203,1
30,6
106,9
41,1
750,0
0,0
581,3
0,0
2.778,0
0,0
157,2
26,0
5.535,5
0,0
na
2,0
162,7
371,0
74,0
0,0
246,7
3,2
119,0
103,0
129,0

3.283,0
2.225,1
280,6
4.149,2
944,9
22.050,0
345,0
3.486,8
1.770,0
15.226,0
3.962,5
298,8
590,9
13.080,7
238,5
1.901,0
2.250,2
3.683,5
1.569,0
611,0
114,9
7.972,8
5.141,8
505,0
950,1
18.486,7

Equipment
19,55%
21,21%
57,68%
22,56%
23,57%
15,32%
70,79%
-20,34%
10,42%
12,89%
8,38%
-42,34%
17,80%
-11,73%
128,84%
9,13%
17,18%
29,78%
-32,05%
32,59%
31,03%
99,15%
7,41%
15,22%
25,81%
5,41%

91.694,8

11.900,4

103.595,2

102.970,5

12.147,4

115.117,9

12,30%

RE
48,67%
3,53%
-12,47%
122,90%
5,67%
-6,25%

Total

Adjusted for exchange rate impact

Equipment

130,95%
187,24%
-37,04%
139,15%
15,69%

24,97%
19,35%
44,99%
24,00%
22,66%
14,43%
70,79%
-23,94%
10,42%
10,57%
8,38%
-51,65%
12,21%
-2,57%
128,86%
9,13%
17,04%
29,11%
-34,38%
22,94%
31,03%
100,00%
7,45%
-3,63%
32,62%
5,47%

19,55%
21,21%
57,68%
8,34%
16,94%
15,32%
70,79%
-20,34%
10,42%
12,89%
8,38%
-42,34%
16,82%
-11,73%
128,46%
9,13%
14,53%
28,18%
-32,05%
32,59%
32,39%
100,40%
-1,91%
15,22%
25,81%
5,20%

2,08%

11,12%

11,15%

-37,93%
1,24%
-57,79%
-44,76%
13,49%
na
-48,84%
16,04%
-40,92%
-19,57%

Notes:
Figures in italics indicate Member Associations' estimates
For FNLV, the figures are Leaseurope estimates based on the number of new vehicles leased during the period
Growth rates are calculated based on a homogenous sample of members reporting in the 2011 Biannual Survey
Leasing volumes for equipment include vehicles
If figures for the newest Member Association, the United Leasing Association of Russia, are excluded, total equipment volumes (incl vehicles) grew by 7,21% and real estate volumes by 0,76% (adjusted for exchange rates)

RE

Total

48,67%
3,53%
-12,47%
97,03%
0,00%
-6,25%

132,39%
162,32%
-37,04%
139,15%
15,46%

24,97%
19,35%
44,99%
9,61%
16,08%
14,43%
70,79%
-23,94%
10,42%
10,57%
8,38%
-51,65%
11,27%
-2,57%
128,47%
9,13%
14,40%
27,52%
-34,38%
22,94%
32,39%
101,26%
-1,87%
-3,63%
32,62%
5,27%

1,94%

10,10%

-37,93%
1,24%
-57,79%
-45,22%
13,49%
na
-50,00%
14,62%
-40,92%
-19,57%

3. Leasing volumes for equipment - first semester 2011

New Production (Mio )

Equipment
AT
BE
BG
CH
CZ
DE
EE
ES
FI
FR
FR
GR
HU
IT
LV
NL
NO
PL
PT
RO
RS
RU
SE
SI
SK
UK

Verband sterreichischer Leasing-Gesellschaften - VL

Association Belge des Entreprises de Leasing
Bulgarian Association for Leasing - BAL
Association Suisse des socits de Leasing
Czech Leasing and Finance Association - CLFA
Bundesverband Deutscher Leasing-Unternehmen e.V. - BDL
Estonian Leasing Association
Asociacin Espaola de Leasing y Renting - AELR
Federation of Finnish Financial Services - FKL
Association franaise des Socits Financires - ASF
Fdration Nationale des Loueurs de Vhicules - FNLV
Association of Greek Leasing Companies
Hungarian Leasing Association
Associazione Italiana Leasing - ASSILEA and ANIASA
Latvian Lessors Association
Nederlandse Vereniging van Leasemaatschappijen - NVL
Finansieringsselskapenes Forening
Polish Leasing Association
Associao Portuguesa de Leasing, Factoring e Renting - ALF
Leasing and Non-Banking Financial Services Association
Association of Leasing Companies in Serbia - ALCS
United Leasing Association of Russia
AFINA - Associations of Swedish Finance Houses
Leasing Committee of the Banking Association of Slovenia
Association of Leasing Companies of the Slovak Republic
Finance and Leasing Association - FLA

TOTAL

Vehicles

Outstandings (Mio )
Total

Equipment

Vehicles

Total

665,0
na
100,0
504,3
388,3
6.400,0
139,0
1.685,4
919,0
5.261,0
0,0
98,3
168,8
3.863,9
92,1
na
941,9
1.378,0
433,0
170,0
22,4
6.318,5
1.752,5
51,0
239,2
4.524,9

1.891,0
na
149,9
3.538,1
515,5
14.900,0
206,0
1.220,1
851,0
7.187,0
3.962,5
43,3
396,0
3.681,2
146,4
na
1.306,2
2.142,8
765,0
367,0
92,5
1.407,7
3.386,1
335,0
607,9
13.832,8

2.556,0
2.022,0
249,9
4.042,4
903,8
21.300,0
345,0
2.905,5
1.770,0
12.448,0
3.962,5
141,6
564,8
7.545,1
238,5
1.901,0
2.248,1
3.520,8
1.198,0
537,0
114,9
7.726,2
5.138,5
386,0
847,1
18.357,7

na
8.746,8
645,6
2.370,2
4.089,7
30.000,0
564,0
12.772,5
5.257,0
46.616,0
0,0
1.337,5
769,0
24.400,0
317,4
na
4.844,4
2.707,6
5.272,0
na
128,0
29.444,7
14.639,6
1.379,0
929,2
97.635,6

na
na
1.034,5
13.554,8
na
60.000,0
1.055,0
6.591,2
2.354,0
na
na
589,0
4.934,8
18.300,0
826,8
na
5.506,9
5.450,9
na
na
528,9
3.525,5
11.994,7
na
1.923,0
na

na
8.746,8
1.680,1
15.925,0
4.089,7
90.000,0
1.619,0
19.363,7
7.611,0
46.616,0
na
1.926,5
5.703,9
42.700,0
1.144,2
na
10.351,3
8.158,5
5.272,0
na
657,0
32.970,2
26.634,3
1.379,0
2.852,2
97.635,6

36.116,5

62.931,0

102.970,5

294.865,7

138.170,1

433.035,8

Notes:
Figures in italics indicate Member Associations' estimates
For FNLV, the figures are Leaseurope estimates based on the number of new vehicles leased during the period
Equipment data cover both leasing (incl long term rental) and hire purchase contracts

4. Leasing volumes for equipment - first semester 2011/ first semester 2010
New Production (Mio )
H1 2010
Equipment
AT
BE
BG
CH
CZ
DE
EE
ES
FI
FR
FR
GR
HU
IT
LV
NL
NO
PL
PT
RO
RS
RU
SE
SI
SK
UK

Verband sterreichischer Leasing-Gesellschaften - VL

Association Belge des Entreprises de Leasing
Bulgarian Association for Leasing - BAL
Association Suisse des socits de Leasing
Czech Leasing and Finance Association - CLFA
Bundesverband Deutscher Leasing-Unternehmen e.V. - BDL
Estonian Leasing Association
Asociacin Espaola de Leasing y Renting - AELR
Federation of Finnish Financial Services - FKL
Association franaise des Socits Financires - ASF
Fdration Nationale des Loueurs de Vhicules - FNLV
Association of Greek Leasing Companies
Hungarian Leasing Association
Associazione Italiana Leasing - ASSILEA and ANIASA
Latvian Lessors Association
Nederlandse Vereniging van Leasemaatschappijen - NVL
Finansieringsselskapenes Forening
Polish Leasing Association
Associao Portuguesa de Leasing, Factoring e Renting - ALF
Leasing and Non-Banking Financial Services Association
Association of Leasing Companies in Serbia - ALCS
United Leasing Association of Russia
AFINA - Associations of Swedish Finance Houses
Leasing Committee of the Banking Association of Slovenia
Association of Leasing Companies of the Slovak Republic
Finance and Leasing Association - FLA

TOTAL

Vehicles

% Change
H1 2011

Total

Equipment

Vehicles

Unadjusted for exchange rate impact

Total

Equipment

566,0
na
47,3
481,6
279,8
5.670,0
105,0
2.261,1
927,0
4.711,0
0,0
160,7
113,0
4.830,8
26,1
na
827,5
1.007,0
661,0
102,0
17,5
3.202,6
2.067,7
72,0
163,9
4.173,6

1.572,0
na
111,2
2.816,6
451,7
12.800,0
97,0
1.386,4
676,0
6.316,0
3656,2
85,0
366,5
3.717,3
78,1
na
1.091,0
1.705,9
1.102,0
303,0
70,2
676,9
2.716,5
263,0
509,4
13.242,6

2.138,0
1.668,2
158,5
3.298,2
731,5
18.470,0
202,0
3.647,5
1.603,0
11.027,0
3.656,2
245,6
479,5
8.548,1
104,2
1.742,0
1.918,5
2.712,9
1.763,0
405,0
87,7
3.879,5
4.784,2
335,0
673,3
17.416,2

665,0
na
100,0
504,3
388,3
6.400,0
139,0
1.685,4
919,0
5.261,0
0,0
98,3
168,8
3.863,9
92,1
na
941,9
1.378,0
433,0
170,0
22,4
6.318,5
1.752,5
51,0
239,2
4.524,9

1.891,0
na
149,9
3.538,1
515,5
14.900,0
206,0
1.220,1
851,0
7.187,0
3962,51
43,3
396,0
3.681,2
146,4
na
1.306,2
2.142,8
765,0
367,0
92,5
1.407,7
3.386,1
335,0
607,9
13.832,8

2.556,0
2.022,0
249,9
4.042,4
903,8
21.300,0
345,0
2.905,5
1.770,0
12.448,0
3.962,5
141,6
564,8
7.545,1
238,5
1.901,0
2.248,1
3.520,8
1.198,0
537,0
114,9
7.726,2
5.138,5
386,0
847,1
18.357,7

17,49%
na
111,20%
4,71%
38,82%
12,87%
32,38%
-25,46%
-0,86%
11,67%

32.474,2

55.810,4

91.694,8

36.116,5

62.931,0

102.970,5

Vehicles

Total

Adjusted for exchange rate impact

Equipment

19,55%
21,21%
57,68%
22,56%
23,57%
15,32%
70,79%
-20,34%
10,42%
12,89%
8,38%
-42,34%
17,80%
-11,73%
128,84%
9,13%
17,18%
29,78%
-32,05%
32,59%
31,03%
99,15%
7,41%
15,22%
25,81%
5,41%

17,49%
na
111,20%
-7,44%
31,37%
12,87%
32,38%
-25,46%
-0,86%
11,67%

-38,80%
49,35%
-20,01%
252,49%
na
13,82%
36,84%
-34,49%
66,67%
27,96%
97,29%
-15,24%
-29,17%
45,95%
8,42%

20,29%
na
34,89%
25,61%
14,12%
16,41%
112,37%
-11,99%
25,89%
13,79%
8,38%
-49,03%
8,07%
-0,97%
87,48%
na
19,73%
25,61%
-30,58%
21,12%
31,80%
107,96%
24,65%
27,38%
19,33%
4,46%

11,22%

12,76%

12,30%

Notes:
Figures in italics indicate Member Associations' estimates
For FNLV, the figures are Leaseurope estimates based on the number of new vehicles leased during the period
Equipment data cover both leasing (incl long term rental) and hire purchase contracts
Growth rates are calculated based on a homogenous sample of members reporting in the 2011 Biannual Survey
If figures for the newest Member Association, the United Leasing Association of Russia, are excluded, equipment volumes grew by 0,84% and vehicle volumes by 10,11% (adjusted for exchange rates)

Vehicles

Total

-38,80%
48,11%
-20,01%
251,89%
na
11,25%
35,16%
-34,49%
66,67%
29,29%
98,53%
-22,60%
-29,17%
45,95%
8,21%

20,29%
na
34,89%
11,04%
8,00%
16,41%
112,37%
-11,99%
25,89%
13,79%
8,38%
-49,03%
7,17%
-0,97%
87,16%
na
17,03%
24,07%
-30,58%
21,12%
33,16%
109,26%
13,83%
27,38%
19,33%
4,25%

19,55%
21,21%
57,68%
8,34%
16,94%
15,32%
70,79%
-20,34%
10,42%
12,89%
8,38%
-42,34%
16,82%
-11,73%
128,46%
9,13%
14,53%
28,18%
-32,05%
32,59%
32,39%
100,40%
-1,91%
15,22%
25,81%
5,20%

10,48%

11,31%

11,15%

5. Biannual exchange rates

ISO2
AT
BE
BG
CH
CZ
DE
EE
ES
FI
FR
GR
HU
IT
LV
NL
NO
PL
PT
RO
RS
RU
SE
SI
SK
UK

Country
Austria
Belgium
Bulgaria
Switzerland
Czech Republic
Germany
Estonia
Spain
Finland
France
Greece
Hungary
Italy
Latvia
Netherlands
Norway
Poland
Portugal
Romania
Serbia
Russia
Sweden
Slovenia
Slovakia
United Kingdom

2010
1
1
1,9558
1,4359
25,7295
1
15,6466
1
1
1
1
271,685
1
0,70825
1
8,00565
4,002
1
1
100,704
39,8862
9,78885
1
1
0,869995

2011
1
1
1,9558
1,26925
24,3495
1
1
1
1
1
1
269,425
1
0,70705
1
7,82475
3,9528
1
1
101,749
40,1363
8,93975
1
1
0,8683

Notes:

These rates are a biannual average and are taken from Eurostat (extraction date for H1 2011
exchange rates is 12 September 2011).
Exchange rates for Serbia are taken from the National Bank of Serbia (extraction date for H1 2011
exchange rate is 12 September 2011).
Rates in the table are provided in the following way: 1 Eur = x Local Currency, for instance 1 Eur
=0,8683 GBP in H1 2011
Romanian Leasing and Non-Banking Financial Services Association reports in Euros