Tal Lahav CEO SIXT Group Romania at ZF Auto Summit 2019

Huge Potential:

·         Increasing local economy

·         Increasing number of new cars produced in Romania

·         Old car park (and mainly diesel and polluting)

·         Low vehicles per capita

·         Electric cars market – low increase

·         No sufficient stimulation to renew the auto park in Romania

·         Undeveloped operational leasing market

·         Growth of business and leisure – internal and external

 

Minimal action

·         highways and roads / Infrastructure

·         regulatory instability – salaries multiple changes, pollution, tax on cars, long term investments

·         scrapping (rabla) program

·         inflation/ deficit/ debt

 

Next to do:

·         Government economic stimulation through long term projects (infrastructure, facilities, electric) and employment and not short term inefficiencies

·         Regulation regarding pollution and car ownership

·         Decrease importing & usage of old polluting cars resulting in better health and less traffic and blockage

·         Comprehensive and relevant scrapping programs

·         Political and regulatory stability

·         Incentives / enforcement against off the books economy and cars tampering