2016 Leasing Facts & Figures


About Leaseurope

Leaseurope brings together 46 member associations in 33 European countries representing the leasing, long term and/or short term automotive rental industries. In 2016, these associations represented over 1,400 leasing firms and 500 short term rental companies.

The scope of products covered by Leaseurope members ranges from hire purchase to finance and operating leases of all asset types (automotive, equipment and real estate) and also includes the rental of cars, vans and trucks. It is estimated that Leaseurope represented approximately 94% of the European leasing market in 2016.

For a copy of the Leaseurope's Facts & Figures consult here:









The European Leasing Market in 2016*

In 2016, total new leasing volumes worth €333.7 billion were granted by the firms represented through Leaseurope’s members. This represents an increase of 10.3% compared to 2015. The portfolio of leased assets (outstandings) in Europe grew by 6.4%, reaching €779.1 billion at the end of 2016. The UK was the largest European leasing market in 2016, with new volumes worth €73.8 billion, followed by Germany (€55.0 billion) and France (€47.8 billion).

The leasing business entered its third year of solid recovery, which is now widespread across all countries taking part in this survey and showing positive results. About half of the national markets experienced double digit growth. Notably Russia,Ukraine and Greece demonstrated high increases in new volumes, bouncing back after several years of subdued levels. The automotive sector has been a stable driver of the leasing market growth across the board.

During the year, European lessors granted new equipment (including vehicles) volumes of €317.9 billion and new real estate volumes of €15.8 billion. The equipment segment grew by 10.8% compared to the previous year, while real estate leasing saw a more modest increase of 1.8%.

In 2016, Leaseurope’s total penetration rate, measured as the amount of overall new leasing volumes granted to businessesdivided by investment in the 24 countries reporting, increasedto 15.0% from 14.1% in 2015. When restricted to equipmentand vehicles (i.e. excluding real estate from the calculation), the penetration rate stood at 26.1% compared to 25.1% in 2015.

(*) For details on participants and methodology, please consult the pdf file for 2016.








Equipment and Vehicle Leasing

Automotive assets, i.e. passenger cars and commercial vehicles, accounted for 67% (€225.3 billion) of total new volumes granted during 2016, remaining the largest individual asset segment of the European leasing market. The passenger car sector performed particularly well, growing by 12.6% and, according to Leaseurope estimates, European leasing and rental companies purchased over 9 million passenger cars in 2016. New leasing volumes for commercial vehicles peaked at 13.1% in 2016, to reach new leasing volumes of €61.2 billion.

The machinery and industrial equipment segment also now returned to double digit growth after flattening out in 2015, increasing by 10.3% to reach 16% (€52.1 billion) of new equipment leasing volumes. The ships, aircraft, railway, and rolling stock segment and “other types of equipment”, which includes energy generating assets, such as photovoltaic panels, saw an upturn, with each experiencing a rise of 12.5% and 5.8%, respectively. In contrast, new leasing volumes for computers and business machines fell by 7.4%, being the only segment for leased equipment witnessing a decline.

Just under three quarters of new leasing volumes for equipment (including vehicles) were made to the private sector, with 24% granted to consumers and 3% to public authorities. Leasing to consumers was the only client category that has been steadily increasing since 2010.

As in previous years, the vast majority of new equipment and vehicle contracts (70.8%) were made for an original contract term between 2 to 5 years, with the average contract size being about €29,800, an 0.8% increase compared to 2015.

Real Estate Leasing

Real estate leasing saw some improvement in new volumes, growing by 1.8% in 2016 to reach €15.8 billion. The number of new contracts granted increased by 0.5%.

The largest segment of all property leases was industrial buildings, comprising 33% of total new real estate leasing volumes. In 2016, new business in this segment rose by 8.5%. New leases for hotels and leisure buildings, as well as other types of buildings, also experienced growth of 9.9% and 17.1%, respectively. These areas of growth outweighed the negative developments in other segments of property leases, namely utilities contracting by 57.5%, while retail outlets and office buildings each lost approximately 5 to 6%.

Short Term Car Rental

The short term car rental members reporting in the Leaseurope 2016 Annual Enquiry purchased around 459,500 cars during the year and, at year end, owned a fleet of approximately 474,900 cars. In total, the firms represented through these members made over 25.3 million individual rental contracts during the course of the year.