In the first half of the year, the operational car rental sector invested 13.9 billion TL in new vehicles and added 30 thousand 700 vehicles to its fleet. As of the first half of the year, the asset size of the sector reached 65 billion 400 million TL.
In this period, the total number of vehicles in the sector increased by 1.4 percent compared to the end of 2021 and reached 241 thousand 500 units.
The increase in the share of light commercial vehicles in the fleet of the operational car rental sector to 5.8 percent, and the share of electric and hybrid vehicles to 7.6 percent were among the other noteworthy details in the report.
Unable to reach potential
TOKKDER Chairman of the Board Inan Ekici said, “According to the Automotive Distributors Association (ODD) data, in the January-June 2022 period, the Turkish automobile and light commercial vehicle total market was 9.3 percent compared to the same period of the previous year, and 10 percent of the automobile market.
It is seen that the light commercial vehicle market contracted by 5.6 percent. It is difficult to predict how long this contraction in the automotive market will continue… Since there is a problem in the supply of new cars in this period, the car rental sector cannot reach the desired vehicle fleet size despite its growth potential.
Despite this, as the industry, we produce solutions in order not to leave our customers without a vehicle, when appropriate, we extend the term of our customers’ car rental contracts or rent second-hand vehicles.”
Most preferred
According to the TOKKDER report, the operational car rental industry invested 13.9 billion TL in new vehicles in the first half of the year, adding 30,700 vehicles to its fleet. As of the first half of the year, the asset size of the sector amounted to 65 billion 400 million TL.
In this period, the total number of vehicles in the sector increased by 1.4 percent compared to the end of 2021 and reached 241 thousand 500 units. The rise of hybrid and electric 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 23 percent.
Fiat followed Renault with 14.5 percent, Volkswagen with 10.6 percent and Ford with 10.4 percent. In this period, 51.3 percent of the sector’s vehicle park consisted of compact class vehicles, while small class vehicles had a share of 26.2 percent and upper-middle class vehicles had a share of 13.3 percent.
Commercial increased to 5.8 percent
The share of light commercial vehicles, which was 2.9 percent in the fleet of the operational vehicle leasing sector at the end of 2018, increased to 5.8 percent in the first half of 2022. On the other hand, it was noteworthy that the share of hybrid and electric vehicles in the sector’s vehicle park continued to increase rapidly.
Accordingly, while the majority of the sector’s vehicle park continues to be composed of diesel fueled vehicles with 64.4 percent, the share of gasoline vehicles increased to 28 percent, and the share of hybrid and electric vehicles to 7.6 percent.
The sedan is in first place again! According to the TOKKDER report, at the end of the first six months of the year, the sedan continued to be the first in vehicle ratios by body type in the operational leasing sector.
In this context, vehicles with sedan body type took the first place with 64.6 percent, while vehicles with hatchback body type came in second place with 19.2 percent.
SUV type vehicles took the third place with 7.8 percent. These vehicles were followed by vehicles with station wagon body type with 1.6 percent. According to the report, while 71.4% of the vehicles in the sector’s total vehicle park were vehicles with automatic transmission, the share of vehicles with manual transmission was 28.6%.