Leaseurope, the trade association representing the European leasing and automotive rental industry, has released the results of its preliminary survey of the European leasing market for 2010.
The share of financed car sales, one of the main indicators of the auto market, dropped to the level of three or four years ago, affected by both global instability and conservative policy adopted by banks.
The industry skyrocketed by 50 percent in 2004, reaching an all-time high of $5.5 billion, and is currently three times bigger than in 2001, when it was worth only $1.7 billion.
