From January to June, one in 10 vehicles purchased in Europe was registered to a short-term car rental company. In the first half of the year, the European Rent-a-Car (RAC) market increased by 24% to 779 thousand units. This was reported by UkrAvtoProm with reference to Dataforce.
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Where are the most rental cars
The largest number of cars for rent were sold in Germany – 190 thousand units.
However, the largest share of RAC in the new car market is in Spain, where every fourth car sold ended up on the rental market (152 thousand units).
At the same time, there is a significant decrease in demand from the RAC for electric cars. Since the beginning of the year, the RAC fleet has been replenished with only 30 thousand electric cars, which is 10 thousand units less than last year. Their share in RAC purchases decreased from 6.4 to 3.8%.
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Low residual value makes electric vehicles less popular for short-term rental companies. High wear and tear of electric vehicles increases rental costs, which affects the decrease in customer demand.
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- Transport Auto