MILAN – Turn of the scene, the leasing sector has collapsed, until 2020 the goose that lays the golden eggs of the automotive world. The analysis comes from DataForce which with its “Company Database” puts under the lens 705 thousand Italian companies that have purchased at least one vehicle since 2004. The 14 million vehicles associated with this universe can be selected for over 50 different variables between which the main technical characteristics and the vehicle acquisition, financing or leasing formulas.
In short, the pandemic has also hit the leasing sector hard and the critical issues relating to economic availability have also recently emerged from the instant survey “Millennials and Zoomer what is their relationship with cars and mobility”, conducted by Areté, a company that deals with strategic consulting: only 22% intend to buy a car in cash, 53% would rely on a loan, 24% would prefer formulas more related to the use of the asset such as leasing and long-term rental with a monthly fee.
Yet not even the ease of purchase with leasing has managed to save the crisis sector: “Looking at the vehicles leased in the last three years (from 2018) – explain the DataForce technicians – there are almost 108 thousand companies that have acquired 241 thousand vehicles with this formula, excluding from the count the vehicles of credit and financial operators and players in the automotive sector. 42% of these leases were on cars (101 thousand), 38% on commercial vehicles (93 thousand) and 19% on industrial vehicles (46 thousand). The growing trend of 2019 leasing over 2018, + 8.9% of companies that used leasing associated with + 8.8% of registered vehicles, was interrupted in 2020 with the pandemic where, however, they are more 30 thousand companies that took advantage of the leasing to acquire 68 thousand motor vehicles “.
The sector, however, remains very large because going through the data, then it turns out that the average number of vehicles taken by each leasing company is 2.2 in the last three years, but over 7 thousand companies have more than doubled this. value, representing a particularly attractive target. In short, the margin for recovery seems ample. Also because it is then possible to identify some main characteristics of the tenant companies such as being mainly resident in Lombardy, Veneto, Piedmont, Emilia-Romagna, Lazio, Campania, having between 5 and 50 employees, with a strong predominance of limited liability companies and with an average turnover of more than 3 million euros. We will see if then the leasing sector will be the first to emerge from the car crisis.
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