If planning a holiday this summer, beware of rising car hire costs. A 12-country study of car hire costs worldwide reveals that the average weekly price to hire a compact family car (e.g., a VW Golf) this summer has rocketed to £520 a week, compared to just £310 in 2019, an increase of £210 – a 68% rise. However, this is around £100 cheaper than last year’s highs when the average weekly hire … [Read more...]
Newslines 3 November
Demand for used cars is 15% higher than it was at this time last year, coinciding with a decline in sales of new cars, says AA Cars. Drivers’ interest in used cars spiked to 9.1%above pre-pandemic levels when forecourts re-opened in June, but the new analysis shows that demand has continued to pick up since then with searches on the AA Cars platform in September an average4% higher than they were … [Read more...]
Beware of holiday ‘hang ons’ with car hire
Holidaymakers planning to hire a car in the UK this summer should check the price of the car hire ‘extras’ they need, as the cost at the rental desk can differ by hundreds of pounds. That’s according to a study of Sixt, Europcar, Enterprise and Hertz in eight UK cities includding Swansea by iCarhireinsurance.com, provider of stand-alone car hire excess insurance. The cheapest place to hire a … [Read more...]
Rental & leasing companies register 83% of UK vehicles
The vehicle rental and leasing industry contributes around £49B per year to the UK economy, supports over 465,000 jobs and generates £7.6B in taxation annually. Commissioned by the BVRLA from respected research organisation Oxford Economics, the study provides some robust, independent data on the size, scope and importance of the vehicle rental and leasing industry. The £49B takes account of … [Read more...]
Medium term rentals expected to rise in 2017
A growing mood of caution among businesses is likely to lead to a boost in demand for medium term rental during 2017. Phil Jerome, managing director, at Meridian Vehicle Solutions, said that the possibility of an economic downturn would make more flexible arrangements increasingly attractive. He said, “The effects of Brexit are so difficult to forecast that the majority of businesses are … [Read more...]