News agency CTK (Ceska Tiskova Kancelar) reports that the number of cars sold on leasing in the Czech Republic is steadily growing and the share of leasing in the sales of new cars has climbed to 60%.

The report quotes research conducted by agency AISA, which suggests that the value of leasing contracts rose by 15% in 2001.

“Compared to western European countries, the situation in the Czech Republic is very positive. The total value of cars bought on leasing is higher than in Spain, for example, and comparing the pace of growth of the leasing market in general, the Czech Republic is on par with countries such as Germany and Italy,” Peter Mikus of GE Capital Leasing told CTK.

Volume of car leasing deals in selected west European
countries (purchase prices excluding VAT, in Kc billion,
country                2001           yr/yr increase
(in pct)
Czech Republic      40                    15
Hungary                 34,6                 62
Poland                     1,6               563
Slovakia                11,4                   9
Germany             579                    14
France                131                    25
Great Britain       301                     -8
Source: GE Capital Leasing.