Car Rental in
Country Report
Executive Summary
Sep 2017TRENDS
The UK government made a major change to its Vehicle Excise Duty (VED) for all new cars registered after 1 April 2017. Prior to this date, VED was exempted for cars with CO2 emissions below 100g/km, with most new cars thus paying little or no tax. From this date, the First Year Rate VED was introduced for new cars, with this varying according to CO2 emissions for the first year of registration, while subsequent annual periods will face a flat Standard Rate VED initially set at GBP140. Only electric and hydrogen cars with no tailpipe emissions will be exempt, while a five-year supplementary VED was introduced for cars with a list price of over GBP40,000, initially set at GBP310 annually. This includes even zero emission cars.
PROSPECTS
Leisure and insurance replacement car rental are expected to see the best performance in the forecast period at around 1% value CAGR at constant 2017 prices. Growth will however be minimal due to heavy price competition and economic uncertainty. Business car rental will stagnate, with many companies shifting to longer-term leasing in order to save money. Those offering business leasing will also continue to blur the distinctions between leasing and rental by offering greater flexibility.
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Car Rental in the United Kingdom
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Overview
Discover the latest market trends and uncover sources of future market growth for the Car Rental industry in United Kingdom with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Car Rental industry in United Kingdom, our research will save you time and money while empowering you to make informed, profitable decisions.
The Car Rental in United Kingdom market research report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation
- Historic volumes and values, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent market research methodology, conducted in-country
Our market research reports answer questions such as:
- What is the market size of Car Rental in United Kingdom?
- What are the major brands in United Kingdom?
- Is there a shift from airport car rental to non-airport?
- Is leisure car rental outpacing business car rental?
- Is insurance replacement recession-resistant?
Why buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This industry report originates from Passport, our Travel And Tourism market research database.
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