OREANDA-NEWS. May 15, 2012. Andrey Gladkov, Deputy General Director – Chief Financial Officer of Leasing Company KAMAZ Inc., summed up the results of the company’s activity in 2011.

Last year, the company realized 3,381 vehicles, 2,968 of which were trucks. This is 12% of the total sales volume of the distribution network of OJSC KAMAZ. The net income increased 4.7 times against the previous year of 2010 and amounted to 303 million rubles. The company improved its performance due to the well-coordinated work with dealers, high-quality service, and attractive lease terms.

Andrey Gladkov mentioned that the main tendency on the leasing market was its steady growth and development, especially in the segment of trucks. Market growth depends only on potential lessees’ financial capacities. 20% of the fleet in Russia is 20-year-old vehicles which must be replaced. 5-7% vehicles, on the average, are replaced in Europe every year, whereas in Russia this figure is less than 2-3%.

KAMAZ-LEASING Group of Companies did a great job last year to win the leading position on the market. The company signed agreements with manufacturers operating on all key markets of OJSC KAMAZ.

KAMAZ-LEASING equips all vehicles with the original GLONASS navigation system which enables customers to avoid additional costs and control the leased vehicles constantly.

In order to improve the operating efficiency of KAMAZ’s authorized dealers, KAMAZ-LEASING Group of Companies in 2011 organized regular trainings for managers of the dealerships. These meetings have become a good tradition of the company. The workshops were attended by representatives of all Russian federal districts. The training programs included theoretical and practical courses. The specialists of KAMAZ-LEASING told the participants about the development of the leasing market in the Russian Federation, visually demonstrated and explained competitive advantages of leasing over credit and purchasing, presented the product line of KAMAZ-LEASING, and disclosed peculiarities of its realization. After each seminar, the representatives of the dealerships were presented with certificates of KAMAZ-LEASING Group of Companies.

All these measures enabled KAMAZ-LEASING Group of Companies to become one of the leading leasing companies in Russia according to the results of 2011.