USEUROPEAFRICAASIA 中文双语Français
Home / Business

Leasing plays little role in world's largest market

By Li Fusheng | China Daily | Updated: 2014-04-28 06:36

Less than 5% of all deliveries, yet in the US it's a 46% share

Though China continues to make and sell the most cars of any country in the world, vehicle leasing remains a largely untapped sector that lags far behind mature markets, said experts and insiders.

Naeem Aftab, general manager of NetSol Technologies Inc, a company that provides asset finance and leasing software, said statistics from the China Leasing Union show leases of all kinds totaled 1.55 trillion yuan in 2012, but only a meager 25.7 billion was in the auto industry.

Leasing plays little role in world's largest market

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US