C&M: European market for car leasing driven by strong demand for small and new cars
Car Leasing Market in Central and Eastern Europe 2014-2018 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-20 14:29:01
The Car Leasing market in Central and Eastern Europe is to grow at a CAGR of 2.82 percent over the period 2014-2018. One of the key factors contributing to this market growth is the strong demand for small and new cars. The Car Leasing market in Central and Eastern Europe has also been witnessing technological innovations in car manufacturing. However, the stringent regulations could pose a challenge to the growth of this market.
Banks and independent lease companies are currently dominating the market. This is due to their huge customer base and ability to offer financing programmes at relatively lower costs. In addition, banks and independent lease companies have well-established infrastructures and competitive intelligence in the market. There is an immense opportunity for CFCs to make a foray into the market and make their presence known; however, this will involve a huge entry cost.
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