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Hungary retail vehicle leasing market contracts to ten-year low

Hungary's retail vehicle leasing market shrank to less than HUF 100bn in 2011, reaching a ten-year low, Lombard Leasing Group said on Friday.

Outlays to retail vehicle buyers came to HUF 96.7bn last year, down more than 10pc from the previous year.

Corporate outlays, however, climbed HUF 27pc and now account for 34pc of the vehicle leasing portfolio.