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Popularity of Finance Lease and Demand from SMEs are Expected to Drive the Swedish Fleet Lease Market
This market insight analyses the company car market in Sweden, especially financial and operating lease of passenger vehicles and light commercial vehicles (LCV). The market insights are supplemented by historic data and forecast related to company car and vehicle fleet leasing for a better understanding of market trends, growth opportunities and challenges. It also discusses market segmentation and market potential, and compares the suppliers in vehicle leasing in Sweden. This study can serve as a starting point for any new product development or market-penetration efforts planned by fleet leasing providers.
Fleet and Leasing Market: Key Takeaways, Sweden, 2014
1 Total new vehicle sales that were less than in 2012 rebounded in 2014 to finish at. The market is expected to observe a steady growth during the forecast period. Fleet is
the major sales channel accounting for more than % of sales in 2014.
2 New Registration—Passenger vehicle leasing dominates the company car market accounting for about % of sales; small gains in share is expected during the forecast period.
3 Finance lease accounts for about % of the passenger vehicle company car parc and is expected to remain the dominant leasing product despite the slow growth rate.
4 LCV Parc—the LCV company car market contributes to % of the total LCV portfolio whereas the LCV leased portfolio contributes to % of the total LCV portfolios.
5 The competition for business between captives and independents is expected to intensify. Volvo Finance, Nordea, Swedbank and VWFS are the key market players.
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