Italian boating, on a general level, has shown great adaptability in 2020. A figure also confirmed by the general market resilience in which the Genoa Boat Show in October also played an important role. Nautical leasing also had excellent results. We had told you that Italian nautical leasing was safe, despite the demands of the European Commission (read here). Now let’s look at the data of how this 2020 went for nautical leasing in Italy.
Italian nautical leasing 2020
Italian nautical leasing 2020 recorded really important data. From January to December 2020, there was a +21.9% increase in the number of contracts signed (398) worth 594 million euros, up 17.3%. Both recreational and commercial boating are covered in this count. It must be said, however, that recreational boating by value weighs 95.7 percent of total leasing. This data comes from Assilea, the Italian leasing association, which also adds to this data an overview of the 2013-2019 period, in which boat leasing financing in Italy increased by 280 percent. The driving force was the period following the lock-down, particularly the summer months and the Genoa Boat Show.
“Especially in the summer months and after the Boat Show, there has been a surge in contracts” -explained Marina Stella, general manager of Confindustria Nautica.
“With a spike,” Roberto Neglia, institutional relations manager of Confindustria Nautica, also points out. connected to the Genoa Boat Show last October, the only one held in Europe in Covid times, with hard work and a lot of worry, but these figures tell what it meant in terms of the market.”
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