Leasing firms had a weaker first quarter in terms of the carsegment-related business against the same period of last year,offset, however, by the slightly recovering demand from corporateclients for equipment financing, states Dan Constantinescu, salesexecutive with UniCredit Leasing Corporation, the biggest companyon this market. "In terms of retail, i.e. the car segment for us,the first quarter was weaker, but overall financing hit the samelevel of the first three months of 2009 (...)," Constantinescusays. Another positive signal is the slight pick-up in fuelconsumption in March, meaning that things are starting to move inthe economy. Despite the fragile first quarter, UniCredit Leasingmanager expects the market to rebound in the second half. Thecompany has budgeted turnover growth by as much as 20% in 2010,based on second half expectations. In 2009, the company fundedgoods worth 289m euros, from 555m euros in 2008, meaning a 48%drop. "We expect 2010 to be a better year for us, but I believe themarket will not witness any changes from last year (...),"Constantinescu says.
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