Porsche Leasing, one of the leading companies on the financial
leasing market, which operates in the automotive sector, financed
the acquisition of vehicles worth 121 million euros last year, down
59% against 2008. This is the lowest decline recorded on the
overall leasing market, which fell to a quarter of the 2008 value,
i.e. from 4.8 billion euros to 1.3 billion euros. Leasing companies
were significantly hurt by the collapse of the auto market, their
main source of business. “This modification was caused by changes
in consumer behaviour, combined with the current economic context.
Clients now extend the usage of cars and put off the decision to
acquire a new car, although for companies in particular, mobility
is an important aspect of their daily activities,” said Kurt
Leitner, CEO of Porsche Finance Group.
The group holds the financial leasing company, a bank specialising in auto loans, an insurance broker, a comprehensive auto insurance company and an operational leasing firm.