CAR RENTALS

A car rental, hire car, or car hire agency is a company that rents automobiles for short periods of
time, generally ranging from a few hours to a few weeks. It is often organized with numerous
local branches (which allow a user to return a vehicle to a different location), and primarily located
near airports or busy city areas and often complemented by a website allowing online reservations.
Car rental agencies primarily serve people who require a temporary vehicle, for example those who
do not own their own car, travelers who are out of town, or owners of damaged or destroyed
vehicles who are awaiting repair or insurance compensation. Car rental agencies may also serve the
self-moving industry needs, by renting vans or trucks, and in certain markets other types of vehicles
such as motorcycles or scooters may also be offered.
Alongside the basic rental of a vehicle, car rental agencies typically also offer extra products such as
insurance, global positioning system (GPS) navigation systems, entertainment systems, and even
such things as mobile phones.

CONTRIBUTIONS IN EACH CONTRIES

Europe car rental market research report providing statistics on fleets, car rental revenue
on-airport and off-airport and market share analysis of various players such as Hertz,
Avis Budget, Sixt, Europcar and other regional players.

Europe Car Rental Industry Analysis to 2017- Latvia, Belgium and Ukraine to
Stimulate the Market Growth presents a comprehensive analysis of the industry
covering aspects including market size by revenue and market segmentation by onairport and off-airport in Germany, France, the UK, Italy and Spain.
The report also entails a detailed description of the prominent and emerging geographic
markets of the region including the Netherlands, Switzerland, Belgium, Russia, Ukraine
and others
Germany car rental market has grown at a negative CAGR of 3.01% over the
period of 2006-2012 and reached USD ~ million in 2012. The market showcased
moderate growth prior to recession. In 2007, Germany car rental market was
valued at USD ~ million as compared toUSD ~ million in the previous year,
thereby showcasing a growth rate of ~%. The growth was influenced by the
increase in the travel expenditure on account of improvement in the economic
conditions, increase in the frequency of air travel and rising number of foreign
visitors in Germany. The market for car sharing in Germany is booming. The
increased price of fuels and other expenses has forced people to move towards
car sharing as it is more economical. In car sharing, the prices of fuels and other
car related expenses are shared between the people travelling in the car. In

Germany, the number of car sharing members has grown at a pace of ~% over
the period 2006-2012, rising from ~ members in 2006 to ~ members in 2012.
The car rental market in France is the second largest in the European region and
exhibits the most superior and highly developed car rental system, burgeoned by
a substantial portion of consumer spending on car rentals for leisure purposes in
the country, over the years. A higher demand of the car rentals for vacation trips
has been observed amongst French people as well as among the travelers
visiting the country.
Car rental market in the UK is third largest in the European region and features
one of the most advanced and highly developed car rental systems,
with sizeable spending of consumers on off-airport car rentals in the recent years
across Europe after Germany. The UK car rental industry, which has grown at
a CAGR of 1.14% over the period 2006-2012, is expected to perform better in the
forthcoming years on account of rising population,resurging economic sentiments
and a revival in international tourist arrivals in the country.
The car rental industry in Italy has been the fourth largest in the European region
in value terms and has a highly developed car rental structure. A substantial
portion of the revenues are generated by spending of consumers on short-term
car rentals. Over the past 7 years, the contribution of short term car rental in the
industry has been relatively higher as compared to long term car rentals. It has
also been observed that over the past few years, the contribution of car rental for
leisure trips has showcased huge demand in Italy. The car rental market for
leisure purposes in the country has grown at a CAGR of 3.32% from 2006-2012.
Spain car rental market captured fifth position in the European region with a total
share of ~% as of 2012. The country has one of the most advanced and largely
developed car rental systems with a substantial portion of consumer spending on
off-airport segment of the market. In off-airport location, the cars are rented in
proximity to travelers residence.
The car rental companies in Europe comprises of a small number of key international
conglomerates, few national companies and other locally-based companies. Europcar,
Avis,Sixt and Hertz have been the leading players. Europcar is amongst one of the
major car rental corporations in the European region with a significant share of ~%
recorded in 2012.
The car rental industry in Europe will be driven majorly by the increasing expansion of
tourism and travel industry in various European countries, buoyed by the government
initiatives. The popularity of the medical tourism is also expected to incline in future
which will positively affect the market for car rentals in the region. Car rental industry in
Europe is anticipated to grow at a CAGR of ~% over the span of 2012-2017,
strengthened by positive economic situation, growing off-airport car rental market and
inclining trend of business and leisure trips by the European people.

ADVANTAGES
People rent cars for many reasons: business
trips, family vacations, or to replace a car
thats being repaired. Whatever the
circumstances, renting a car can have many
advantages over driving your own.

DISADVANTAGES
If you want a new car, we really believe that
leasing is the way forward
1) Ownership

1. If you live in a large metropolitan area

where subways, trains, and other
community transportation is common,
you may have found that owning your
own vehicle isnt necessary. When
vacations or other events take you
beyond the reach of the citys subway
service, though, renting a car can be
the best choice.

You don't have ownership of the vehicle Although this is also one of the benefits!

2. Renting a large vehicle, such as an

SUV or minivan, can allow you to
travel with a large group of friends or
extended
family.
Some
rental
agencies may also be able to provide
customers with a 9- or 15-passenger
van.

You may be charged to come out of a lease

early.

3. When renting a vehicle for a business

trip or leisure vacation, you avoid
putting excess wear and tear on your
personal vehicle. This can lower your
maintenance and repair costs over
time.
4. If your personal vehicle is an older
model, renting a car for extended trips
can help you save money on
gasoline. Most car rental agencies
keep only newer model vehicles that
get very good gas mileage.
5. No matter where you travel with a
rented vehicle, breaking down isnt a
worry. Should the car break down
during your rental period, the agency
will provide another car at no charge.
This can give great peace of mind
during long trips especially.
6. A rental car can take you where your
personal vehicle cant. If youd like to
travel where the roads are less

2) Length of contract
When you lease a vehicle, you agree to hire
the vehicle for an agreed term (the length of
the contract). Lease agreements usually last
for 18, 24, 36, or 48 months.

3) Residual value of the vehicle

It's best to select a vehicle with a good
residual value at the end of the contract. This
is likely to bring down your monthly payment.
4) Excess mileage charges
Your monthly payment will be based on an
average mileage that you are likely to do
throughout your contract.
Estimate your vehicle usage accurately
before entering into a contract - as excess
mileage charges may apply.
In some cases it's possible to amend
mileages (if it's looking like you're going to
exceed your mileage allowance) or pool
mileages for larger fleets.
5) Wear and tear
At the end of your lease, your vehicle will be
inspected for wear and tear.
A reasonable amount of wear and tear is fully
acceptable - in fact, it's expected (eg stone
chippings, light stains to upholstery etc).

favorable, for example, renting a Jeep

or SUV can be a great idea.
7. When taking a trip hundreds of miles
away from home, renting a car can
give you more time to enjoy yourself.
By taking an airplane to your
destination and renting a car once
youve arrived, youll spend far less
time traveling to your vacation spot
and more time sightseeing and
relaxing.
8. Renting a vehicle can help you decide
if you would like to purchase that type
of car, truck, or SUV. When youre in
the market for a new car, renting one
for a day or two gives you an
extended test drive to discover
nuances about the vehicle that you
couldnt otherwise.
9. A car rental agency can enable you to
rent a certain type of vehicle for a
special occasion. Whether youd like a
minivan to take all the cousins on a
camping trip or a luxury car to take
your wife our for an anniversary
dinner, renting makes a great option.
10. A rental car can help you project a
certain image to business contacts or
associates. Depending on your
needs, a new, clean SUV may be
preferable to your usual two-door
coupe.

However, if there is excessive damage, you

could be charged for this.
Most inspectors work from guidelines
provided by the BVRLA (British Vehicle
Rental and Leasing Association) in their Fair
Wear & Tear Guide
6) Modification clauses
Customers are usually not allowed to make
any modifications to a leased vehicle.
If you do make any changes, you will have to
bear all the expenses to bring the vehicle
back to its original condition - before returning
it to the leasing company.
Is leasing right for you?
Leasing is a great way of getting a new
vehicle, however it's not suited to everyone.