buy today car A much riskier financial bet than in the past. With rising prices and a slowly moving horizon towards electrification, but before it is clear whether elements such as infrastructure will be fully prepared, citizens who are determined – or forced – to own a car are making their choices. to increasingly research and bet on alternative formulas to the usual purchase. And here is a formula rent a car aspect hire gaining momentum despite the uncertainty in the sector.
Despite the year 2022, when vehicle registrations fell by 5.4% due to the supply crisis that suppressed production, this business channel improved its passenger car numbers by 1.4%. At the beginning of the year, the trend did not change, as the improvement in passenger cars in this channel up to April compared to the first four months of 2022 was 42.2%, almost nine points more than the overall registration increase in Spain. “We are experiencing amazing growth,” explains José Coronel de Palma, president of the Spanish Leasing and Rental Association (AELR), who attended this group’s annual meeting in Alicante this Thursday.
factors
And this – underlining the leader – at a time when it is not yet known what the future of electric cars will be or which vehicles can travel in city centers without restrictions, “Faced with this uncertainty, people prefer to only pay for the use of the car and opt for the possibility of leaving if it becomes technologically obsolete.” The other big pillar of decision making is that some prices – already advanced according to a recent report from the Organization of Consumers and Users (OCU) – have increased by up to 40% in just five years. “Many people think they can pay 200 or 300 euros for a car, but maybe they can’t pay 30,000 euros,” says Coronel de Palma.
Given this fact and the good start of 2023 andThe AELR chief also points out that he foresees an “optimistic future for 2023” if there are no “new problems” in the availability of vehicles due to new logistical problems..
leasing investment
Beyond automotive Total investment in ‘leasing’ [arrendamiento con opción de compra] In Spain it reached 7,439 million euros in 2022. The vast majority of these were allocated to personal property (6,841 million), while real estate accounted for 598 million. Regarding the outlook for this fiscal year at the Valencia level, Coronel de Palma emphasized that “very good progress” has been seen due to “confidence in the business world” and therefore they expect to lease at the end of this year. It exceeded 643 million of 2022.
Source: Informacion
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