The average daily price for renting a car has gone up by a massive 30% on last year as Carrentals.co.uk compare the figures on bookings to the 10 most popular tourist destinations.
The full list of destinations that were studied included Spain car hire, Greece, UK, France, Croatia, Italy, Turkey, Portugal and Madeira, USA and Ireland. The figures were gaged by looking at the prices for rentals that were booked from March to May for rentals in August.
The most notable increases were in Turkey, the USA and Croatia – three countries outside of the Eurozone. Turkey has raised its prices by a whopping 76% followed by the US at 48% and Croatia at 46%.
Talking about the new price increases in the sector is Gareth Robinson of Carrentals.co.uk: “With car rental companies suffering during the worldwide recession, many fleets have been cut back and older vehicles have not been replaced making demand in this particular sector far higher than supply. Turkey, the US and Croatia were the hardest hit by the price hikes and interestingly all of these areas are located outside of the Eurozone.”
Figures also showed that other countries have increased their prices including Spain at 40% and France at 37%. The UK increased its prices by 8% but unsurprisingly to many it remains a costly place to get a rental car.
Gareth went on to comment: “If customers want to save money then they must book in advance and this really is a great way to ensure you get a good deal as well as a lot of choice.”
Greece car hire has actually gone down 7% and it is the only country that has prices that have decreased. However, this does not make Greece a cheap place to rent a car as last year’s prices were so high.
Carrentals.co.uk compares car hire deals from up to 50 rental companies, including Alamo, Auto Europe, Budget, easyCar, Holiday Autos and Sixt, in over 9,000 locations worldwide.