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 has 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 3.5% in 2014-15... purchase to read more
Industry Report - Industry Locations Chapter
London accounts for the largest percentage of revenue for the Car Rental and Leasing industry, at a forecast 17.8% in 2014-15. This high level is due to London's status as a major destination for international and domestic tourists, many of whom travel via Heathrow Airport, resulting in high rental vehicle usage. Since many businesses are located in London, the car and van leasing segment is also a major contributor to London-based revenue.
The South East
The South East is expected to account for 16.9% of industry revenue in 2014-15. Since many international and domestic tourist rent cars at Gatwick Airport, car rentals make up a large proportion of this region's revenue... purchase to read more