Operational Car Rental Sector Invested 2021 Billion TL in New Vehicles in 17,2

Operational Car Rental Sector Invested 2021 Billion TL in New Vehicles in 17,2
Operational Car Rental Sector Invested 2021 Billion TL in New Vehicles in 17,2

All Car Rental Organizations Association (TOKKDER) announced the sector data for last year. According to the data; The operational car rental sector invested 2021 billion TL in new vehicles in 17,2, adding 60 vehicles to its fleet. The asset size of the sector, on the other hand, amounted to TL 300 billion. In the 52,2th quarter of last year, the number of active rental vehicles in the sector decreased by less than 4 percent compared to the end of the third quarter of the year and became 3 thousand 1 units. The total number of vehicles in the sector decreased by 221 percent compared to the end of 426 and decreased to 2020 thousand 9,4 units. On the other hand, the increase in the share of light commercial vehicles in the fleet of the operational car rental sector to 238 percent and the share of electric and hybrid vehicles to 200 percent was among the remarkable details of the report.

The umbrella organization of the car rental industry, All Car Rental Organizations Association (TOKKDER), announced the "TOKKDER Operational Rental Sector Report", which includes the results of 2021, prepared in cooperation with the independent research company NielsenIQ. According to the report, the operational car rental industry invested 2021 billion TL in new vehicles in 17,2, adding 60 vehicles to its fleet. The asset size of the sector, on the other hand, amounted to TL 300 billion. In the 52,2th quarter of 2021, the number of active rental vehicles in the sector decreased by less than 4 percent compared to the end of the third quarter of the year and became 3 thousand 1 units. The total number of vehicles in the sector decreased by 221 percent compared to the end of 426 and decreased to 2020 thousand 9,4 units.

Uptrend in light commercial vehicles!

According to the report, Renault continued to be the most preferred brand in the operational car rental sector in Turkey with a share of 22,9 percent. Fiat followed Renault with 14,9%, Ford with 10,7% and Volkswagen with 10,6%. In this period, 50,4 percent of the sector's vehicle park consisted of compact class vehicles, while small class vehicles had a share of 26,8 percent and upper-middle class vehicles had a share of 17,5 percent. The share of light commercial vehicles, which was 2018 percent in the fleet of the operational car rental sector at the end of 2,9, increased to 2021 percent at the end of 5,3. On the other hand, the rapid increase in the share of hybrid and electric vehicles in the sector's vehicle park drew attention. In this context; While the majority of the sector's vehicle park continues to be composed of diesel fueled vehicles with 72 percent, the share of gasoline vehicles increased to 21,4 percent. The share of hybrid and electric vehicles reached 6,5 percent.

The share of sedan body type vehicles in the sector was 66,7 percent!

According to the TOKKDER report; At the end of 2021, the sedan continued to be the first in vehicle ratios according to body type in the operational leasing sector. In this context, vehicles with sedan body type ranked first with 66,7 percent, while vehicles with hatchback body type came in second place with 18,6 percent. SUV vehicles took the third place with 6,8 percent. These vehicles were followed by vehicles with station wagon body type with 1,9 percent. According to the report, while 70,4 percent of the vehicles in the sector's total vehicle park were vehicles with automatic transmission, the share of vehicles with manual transmission was 29,6 percent.

Most of the contracts are for 30-42 months!

The operational leasing sector continued to provide significant tax inputs to the economy last year as well. According to the report prepared by TOKKDER, the tax amount paid by the sector in 2021 reached 8,7 billion TL in total. Looking at the rental periods in the sector, it was seen that 47,7 percent of the operational leases in Turkey consisted of contracts with a duration of 30-42 months. After these contracts, the most preferred operational leasing period was contracts of 20,2 months or more with 43 percent, while contracts of 18-30 months were preferred by 16,8 percent. Lease contracts under 18 months covered 15,3 percent of the contracts.

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