Car lease company LeasePlan announced a net result of 86.7 million euros for the second quarter on Wednesday, 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 cars, down 16.7 percent from the second quarter last year. As a result, the loss grew by 37.7 percent to 16 million euros. LeasePlan's net result in the first six months amounted to 106.6 million euros, 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 ensure structural growth in our sector. The past period has only contributed to this."