Lease company LeasePlan announced a net result of € 86.7 million for the second quarter on Wednesday. That is a significant improvement, although not all branches performed well.
The lease company records an improvement of almost € 55 million compared to the same period a year earlier. The company did sell fewer second-hand ex-lease cars through the CarNext branch.
The CarNext division sold 57,800 used cars, a decrease of 16.7 percent compared to the second quarter last year. As a result, the loss increased by 37.7 percent to € 16 million. LeasePlan’s net result in the first half year amounted to € 106.6 million, a decrease of 34.9 percent.
“It is clear that Covid-19 is still having a major impact on the global economy. The plan we drew up in March is working well and we got through the second quarter well,” said CEO Tex Gunning. “We are confident that the shift from car ownership to subscription will lead to structural growth in our sector. The past period has only contributed to this.”