The leasing industry has seen a significant increase in fraudcases on the auto segment lately, with many companies discoveringthat many cars had "simply vanished" and starting to look for themacross Europe with the help of the Police, says Antoaneta Curteanu,CEO of UniCredit Leasing, the biggest leasing company inRomania.
She says this is why monitoring procedures have seen asignificant tightening. On the other hand, the industry tends to bestifled by the large number of cars repossessed from clients who nolonger pay. "The stocks are increasingly big, which puts pressureon prices, including on the market of new cars. The problem is that90% of repossessed cars are sold at a loss."
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