Leasing companies have increasingly more repossessed items, but won't cut prices

Leasing companies have increasingly more repossessed goods, with their number rising significantly over the last half-year – but are unable to sell them because they will not even think about cutting prices on a market where demand is lacking.
For instance, while in November last year VB Leasing, a mid-size company, had almost 1,200 repossessed goods listed on its website, now they exceed 1,600. At BCR Leasing the number of repossessed goods climbed from 429 in November last year to 770 at present. Another example is Marfin Leasing, which now has a twice as long list of recovered goods than seven months ago, 370 to be exact.
Financers say whilst there is some demand for cars, no one is interested in buying lorries and utility vehicles.
“Demand for cars is not very significant, but steady. The problem is with lorries and utility vehicles – their market is frozen, which is in fact understandable, considering the state of road infrastructure,” says Cornel Coca Constantinescu, CEO of MKB Romexterra Leasing.
On the market there are thousands of cars, lorries, pieces of equipment, and buildings put up for sale by leasing companies after they had repossessed them from clients no longer able to pay their instalments.