Global Leasing Report BY BRENDAN GLEESON GROUP CEO WHITE CLARKE GROUP 2017 CONTINUOUS GROWTH AND BRIGHT PROSPECTS FOR THE GLOBAL LEASING INDUSTRY I am delighted to present you with this latest edition of the White Clarke Group Global Leasing Report 2017. The GLR has become the definitive analysis of country trading environments and world trends in auto and asset leasing and I am proud that this is the 11th year that our report has featured as the keynote commentary of the World Leasing Yearbook. You will find the latest auditable data on volume and growth by region, market penetration, GDP ratios and market shares, complete with a ranking of the top 50 leasing markets by size worldwide. For the fifth consecutive year since the global economic crisis, the leasing industry has expanded, with the top 50 leasing markets growing new business volume by 6.5%, from US$994.31bn in 2014 to more than US$1trillion in 2015. Three regions, North America, Europe and Asia, account for more than 90% of total world volume. Latin America recorded growth of 28.9%, showing the largest percentage rise among all global regions. This is followed by Asia, which has shown continuous growth over the last few years and is up by 14.4%. North America has also seen an impressive growth of 10.7%. The outlook for all six regions looks cautiously optimistic given the reported growth in most regions. However, the year 2016 has brought some significant economic and political events, namely Brexit and the election of Donald Trump to the US Presidency. Both events have short term turbulence upon the global FX and stock markets. It is too early to assess how these events may impact upon the economies of the world and the global leasing industry in the medium term, but there may be some resulting economic instability in 2017. I hope you will enjoy this report and feel free to comment or ask questions infowhiteclarkegroup.com Your complimentary copy of the Global Leasing Report 2017 Brendan Gleeson, Group CEO, White Clarke Group WHITE CLARKE GROUP GLOBAL LEASING REPORT WORLD LEASING YEARBOOK2 World Leasing Yearbook The White Clarke Group Global Leasing Report is prepared by White Clarke Group in association with the World Leasing Yearbook. This report is an extract from the complete Global Leasing Report which is part of the 352 page World Leasing Yearbook. To obtain the full report, which contains 7 additional tables and figures, you can purchase the book at www.world-leasing-yearbook.com or call +44 (0)1206 579591 About White Clarke Group White Clarke Group is the global first-class provider in end-to-end automotive and asset finance software solutions and consulting services. It is a global organization employing around 500 professionals, with offices in the UK, US, Canada, Australia, Austria, Germany, India and China. The companys award-winning CALMS end-to-end platform provides a flexible workflow approach that automates the entire business process from origination through contract to portfolio managementtrusted by more than 100 customers in 30 countries around the globe. For more information, please visit www.whiteclarkegroup.com WORLD LEASING YEARBOOK WHITE CLARKE GROUP GLOBAL LEASING REPORT 3 The White Clarke Group Global Leasing Report continues a history of tracking the worldwide market for leasing products for more than 30 years. Following the continuing recovery from the global economic crisis, the leasing industry experienced significant growth in 2015 and has introduced new innovative ways to finance equipment for companies worldwide. All values are quoted in US dollars. Overview For the fifth consecutive year since the global economic crisis, the global leasing industry maintained an optimistic outlook and has experienced growth in new business volumes. The top 50 countries reported growth in new business volume of 6.5%, from US$994.31bn in 2014 to more than US$1 trillion in 2015. Three regions, North America, Europe and Asia, account for more than 90% of total world volume. The North American region posted impressive growth of 10.7%. Latin America recorded growth of 28.9% in 2015, and showed the largest percentage rise among all the global regions. Another region that is experiencing continuous growth is Asia where business was up 14.4%. Continuous growth and bright prospects for the global leasing industry By Brendan Gleeson, Group CEO, White Clarke Group Contrastingly, Europe reported a small decline in total leasing volume when expressed in US dollars, which was not due to the recession in parts of the Eurozone but rather reflects the impact of the dollar to euro exchange rates (see below for further explanation). The Australia/New Zealand region experienced the same volume of business in local currency, but again fell 12.4% when expressed in US dollars. North America The North American region comprises the US, Canada and Mexico. The region has maintained its position as the worlds largest market, with new b