Price Rises Inevitable in Car Rental Industry

Car rental rates are likely to rise this year – whoever you rent from. That’s the message being given out by major rental companies such as Avis, Sixt, Thrifty and Europcar.

According to a recent article in Fleet News, Avis has warned fleet customers that their daily rental rates may rise by as much as 10% as a result of weaker car residual values, increased difficulties in financing fleet acquisition and fluctuations in the UK-Euro exchange rate. The exchange rate is an important factor, as Tim Bailey of Europcar UK highlighted in the Fleet News article:

Typically the manufacturers buy cars in euros and due to the foreign exchange rate last year, the cars they are buying now are roughly 20% to 22% more expensive than a year ago.

All of this makes it even more important for retail users to use a car hire search engine such as that offered by CarHirePlace.com. The car hire broker who supplies our booking engine searches through more than 450 car hire suppliers to find the best possible price – almost anywhere in the world.

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