Industry Analysis & Industry Trends
The Car Rental and Leasing industry struggled as the UK economy floundered in the years through 2009-10, but responded with a surge in subsequent years. The industry has been forced to deal with declining international tourist numbers and weaker corporate leasing demand in some years. 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 above pre-recessionary levels. Revenue is expected to grow by a further 0.9% in 2013-14.
Industry revenue is estimated to increase at a compound annual rate of 5.5% over the five years through 2013-14, to total £12.2... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Rental and Leasing of Cars and Light Motor Vehicles industry has a low concentration level because many firms are small or medium-sized. IBISWorld estimates that the top four firms will account for 21.8% of industry revenue in 2013-14. The expansion of the industry's larger firms has increased industry concentration in the past five years.
There has been some merger and acquisition activity in the past five years. Major mergers include the Lex and Lloyds TSB Autolease merger in 2009. There have also been many smaller mergers between single-operation firms. However, this has had little impact on the industry's concentration level because so many small firms operate in the industry... purchase to read more