Car rental operating segment invested TL 2021 billion in new vehicles in 17.2
Chester T. Dean
3 min read
The Association of All Car Rental Organizations (TOKKDER) has announced industry data for the past year. According to the data; The Car Rental operating segment invested TL 2021 billion in new vehicles in 17.2, adding 60 vehicles to its fleet. The asset size of the sector, on the other hand, stood at TL 300 billion. In the 52.2nd quarter of last year, the number of active rental vehicles in the sector decreased by less than 4% 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% 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% and the share of electric and hybrid vehicles to 200% were among the noteworthy details of the report.
The car rental industry’s umbrella organization, All Car Rental Organizations Association (TOKKDER), has announced the “TOKKDER Operational Rental Sector Report”, which includes results for 2021, prepared in cooperation with the independent research company NielsenIQ. According to the report, the operational car rental industry invested TL 2021 billion in new vehicles in 17.2, adding 60 vehicles to its fleet. The asset size of the sector, on the other hand, stood at TL 300 billion. In the 52.2nd quarter of 2021, the number of active rental vehicles in the sector decreased by less than 4% 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% compared to the end of 426 and decreased to 2020 thousand 9.4 units.
Rising trend of light commercial vehicles!
According to the report, Renault continues to be the preferred brand in the operational car rental sector in Turkey with a market share of 22.9%. Fiat followed Renault with 14.9%, Ford with 10.7% and Volkswagen with 10.6%. During this period, 50.4% of the sector’s vehicle fleet consisted of compact class vehicles, while small class vehicles had a share of 26.8% and upper middle class vehicles a share of 17. .5%. The share of light commercial vehicles, which was 2018% in the operational car rental sector fleet at the end of 2.9, increased to 2021% 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 car fleet has caught the eye. In this context; While the majority of the sector’s vehicle fleet continues to be made up of diesel-powered vehicles at 72%, the share of gasoline-powered vehicles has fallen to 21.4%. The share of hybrid and electric vehicles reached 6.5%.
The share of sedan type vehicles in the sector was 66.7%!
According to the TOKKDER report; At the end of 2021, the sedan continues to lead in vehicle ratios by body type in the long-term rental sector. In this context, sedan-type vehicles rank first with 66.7%, while sedan-type vehicles come second with 18.6%. SUV vehicles took third place with 6.8%. These vehicles were followed by estate vehicles with 1.9%. According to the report, while 70.4% of vehicles in the industry’s total fleet were automatic transmission vehicles, the share of manual transmission vehicles was 29.6%.
Most contracts are 30 to 42 months!
The operational leasing sector also continued to provide important fiscal contributions to the economy last year. According to the report prepared by TOKKDER, the amount of tax paid by the industry in 2021 reached TL 8.7 billion in total. Looking at the rental periods in the sector, it was found that 47.7% of operational leases in Turkey consisted of contracts with a duration of 30 to 42 months. After these contracts, the most preferred operational lease period was contracts of 20.2 months or longer with 43%, while contracts of 18-30 months were preferred by 16.8%. Lease contracts of less than 18 months covered 15.3% of contracts.
