Knowledge Centre

Global Finance Report – Global Asset and Auto Finance Survey Q4 2013

Global Finance Report

31 Mar 2014

White Clarke Group’s Global Asset and Auto Finance Survey comprises an analysis of major asset and auto finance markets worldwide, providing the latest data from leasing associations, and insights from key industry professionals on current trends. This global trends analysis provides the ideal complement to White Clarke Group’s country surveys.

The equipment and automotive leasing industry around the globe has been navigating a path through some choppy waters in the aftermath of the financial crisis of 2008. After the tidal wave of problems which submerged the industry in 2009 and 2010, the sector started to right itself in 2011 and has since been on course for calmer waters, with new business volumes building and revenues starting to grow in many countries.

Indeed, over the last three or four years, asset based finance of all kinds has had the opportunity to demonstrate both its resilience and the role it can play when credit, generally, is in short supply. In response, the industry has done much to get itself ship shape, with leaner finance providers emerging who make greater use of technology to tighten underwriting approaches, introduce efficiencies across a range of back office processes and improve customer service.

However, the leasing industry’s fortunes are inextricably linked to those of the economies of the countries in which finance providers operate, and there is still considerable instability and nervousness about economic prospects globally.