Industry Analysis & Industry Trends
The Car Rental and Leasing industry has accelerated in recent years, as a result of several factors. Since 2013-14 improving economic conditions have prompted rising demand from businesses for vehicle leasing and from tourists for car rentals. This has driven strong revenue growth, although the industry did struggle in 2012-13 due to the faltering economy. Revenue is estimated to grow at a relatively low rate of 3.6% in 2016-17, as stagnant global economic conditions and economic uncertainty stemming from the EU referendum are anticipated to weaken consumer and business confidence.
Industry revenue is estimated to rise at a compound annual rate of 3.4% over the five years through 2016-17 to reach £13.8 billion... 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 an estimated 17.3% in 2016-17. This high level is largely a result of the level of business activity 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 14.4% of industry establishments. Sin.. purchase to read more