Porsche Leasing, one of the leading companies on the financialleasing market, which operates in the automotive sector, financedthe acquisition of vehicles worth 121 million euros last year, down59% against 2008. This is the lowest decline recorded on theoverall leasing market, which fell to a quarter of the 2008 value,i.e. from 4.8 billion euros to 1.3 billion euros. Leasing companieswere significantly hurt by the collapse of the auto market, theirmain source of business. "This modification was caused by changesin consumer behaviour, combined with the current economic context.Clients now extend the usage of cars and put off the decision toacquire a new car, although for companies in particular, mobilityis an important aspect of their daily activities," said KurtLeitner, CEO of Porsche Finance Group.
The group holds the financial leasing company, a bankspecialising in auto loans, an insurance broker, a comprehensiveauto insurance company and an operational leasing firm.
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