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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

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