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Light Vehicle Leasing Market in Germany Forecasted to 2022

Light Vehicle Leasing Market in Germany Forecasted to 2022

​It’s interesting to keep an eye on motoring developments across Europe, not least, to see what we can learn from good practice. In recent months, the German vehicle leasing industry is experiencing positive growth due to improvements across the country’s demographics. Increasing employment and wage growth has fuelled a trade-driven economy, allowing the leasing industry to grow exponentially over a short space of time.

Company car registrations and leasing figures are expected to increase, recording a compound annual growth rate (CAGR) of 1.9% for the next projected five years. Employees across Germany are continuing to prefer salary sacrifices to fund their leasing cars and vehicles. Additionally, fleet managers are becoming interested in the proposition of opting for petrol-powered vehicles over diesel. Leasing is becoming a more viable option for German fleet managers, as this makes them increasingly interested in the new mobility models which save costs and have more environmentally friendly benefits.  

Germany now views vehicle leasing as a solution to the growing number of challenges which arise for companies such as funding of vehicles, maintenance of fleet and residual risk handling. To encourage fleet managers to take this on board even further, the government has recently declared policies which have been implemented to combat polluting diesel vehicles, and instead promote electric vehicles (EVs) through subsidies.

To find out more on how fleet management can assist you with your leasing requirements, please visit our Fleet Management section on our website here.

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