Industry Analysis & Industry Trends
The Car Rental and Leasing industry struggled as the UK economy floundered in the two years through 2009-10, but responded with a surge in subsequent years. Revenue reached a trough in 2009-10 after the industry was forced to deal with declining international tourist numbers and weaker corporate leasing demand. These factors contributed to lower vehicle leasing and rental levels and therefore exerted downward pressure on industry revenue and profitability. However, since 2010-11, strong demand from businesses for vehicle leasing and growing demand from tourists have driven revenue back up above pre-recessionary levels, although the industry did struggle once more in 2012-13 as the economy faltered. A more buoyant economy is expected to drive industry revenue growth of 3.9% in 2014-15... purchase to read more
Industry Report - Industry Locations Chapter
London accounts for the largest percentage of industry establishments for the Car Rental and Leasing industry, at a forecast 16% in 2014-15. This high level is largely a result of the high number of business located in the capital. Therefore, car and van leasing is very common. London is also a major destination for international and domestic tourists, which boosts the level of demand for car rentals. Additionally, owing to the particularly low level of car ownership in the capital, it is more common for consumers to rent cars or vans to move houses or to travel for domestic holidays.
The South East
The South East is expected to account for 14.9% of industry establishments in 2014-15... purchase to read more