Categories: News

Summer holidays: car rentals in freefall

With rising inflation, car rentals fell sharply this summer. We will explain everything to you.

Between the increase in the price of tolls and fuel, we cannot really say that the holidays have been very happy this year. If this did not prevent motorists from going a little green, the atmosphere was not necessarily festive. Indeed, the French were strongly forced to reduce their various and varied expenses, in particular in leisure and food. But not only, since it is another sector which is also very strongly impacted by the galloping rise in inflation. This is short-term car rental, which has taken a big hit this year due to rising prices.

A sharp drop

In any case, this is what the carigami car comparator, which has just revealed its results for the summer period. And the latter is not really very glorious for professionals in the sector, since the results are very mixed. If a few years ago, the demand was very high to the point of creating shortages, the decline in purchasing power forced motorists to turn to less expensive alternatives. And it shows in the numbers. Compared to the same period last year, rentals fell by 10%. And the cause is to be found on the side of the price increase, of 48% between 2021 and 2022 due to the shortage of new cars.

An astonishing fact

Compared to 2019, the last year before the health crisis, reservations for rental cars have tumbled 50%. A huge number! According to Carigami, “the increase in train and plane tickets discouraged many holidaymakers, who ultimately did not rent a car and turned to more accessible holidays with their private car”. It should be noted that for the first time, rentals in Corsica have fallen sharply, which has never happened since 2018. This corroborates the remarks previously cited.

Read also :

LLD, LOA: Is Long-Term Rental Suitable For Everyone?

LLD, LOA: the best offers

LOA/LLD: Really More Interesting Than a Classic Purchase?

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