The average value of a car purchased via an operating lease hasdropped from 12,000 to 10,000 euros, says Adrian Petcu, generalmanager of UniCredit Fleet Management, the specialised arm ofUniCredit group. "Most clients have moved to the area of massmarket brands, particularly Dacia, where there has been an obviousincrease (...)," Petcu says, adding "While prior to the crisisclients requested comparisons between Dacia and other brands suchas Volkswagen, Ford or Opel, now they're asking for what's cheaperfrom the start." UniCredit Fleet Management at the end of the firstquarter managed a fleet made up of 1,100 vehicles. Petcu says thatsince the onset of the crisis there has been rising demand forsale&lease back deals, but that many companies decided toresort to this solution when they were already coping with a direfinancial situation. At present, the company, which becameoperational in April 2007, has 55 clients. For 2010, the companyplans to get to manage a 1,600-car fleet. In the first quarter,though, it signed contracts for just 100 vehicles, as manycompanies have put off purchasing decisions.
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