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In this time of economic doom and gloom it’ rare to hear of any business succeeding, let alone booming. However that is the case when it comes to the Car Hire industry with a high demand for leased vehicle services all over Europe; the reason behind this upturn is slightly less clear cut.
Car hire fleet

Car Hire Fleet

There’s been a positive rush on car hire companies from Portugal to Perth with holidaymakers telling tales of hustling and using questionable tactics to get their hands on a hire car. So it’s definitely not an isolated phenomenon, the trend has been picked up in the U.K as well as more exotic locations. The price of car hire has also seen a sharp rise, in some places such as the Balearic Islands, the cost has actually doubled in comparison to last year; other resorts have seen a jump of between 20% and 30%

Although garage forecourts across the globe are teeming with spanking brand new cars begging to be sold, this has little bearing on the car hire firms if they can’t raise the capital to purchase new vehicles. The banks are reluctant to lend which means the car hire companies are left with a smaller fleet as their older cars reach the end of the road. The result is a reduction in the number of hire cars available but no let up in the demand for car hire.

This may just be a blip which has arisen during the height of the summer holiday season, however it’s worth being prepared if you are about to embark on your annual escape: book your Car Hire now to avoid disappointment.

Originally from Anglesey but moved to Cardiff earlier this year after living in London for the past 4 years. Having undertaken a degree in English Literature from the University Of Wales Bangor, I won a place at The Drama Centre London, Central Saint Martins to study towards a Masters degree.

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