The Effects of Coronavirus on the Car Rental Industry – Cheap Car Rental

Immediately after the coronavirus epidemic that affected the world, Although it is known that it affects almost all sectors, the cheap car rental sector has also been affected.

Although there is no official information on whether car rental demands have increased due to the epidemic, many individuals prefer public transportation to protect themselves from the disease cheap car rental services is evident especially with the concentration of traffic during business hours. Considering that the epidemic is not permanent, companies or individuals meet their temporary needs by renting cheap cars daily or monthly instead of long-term car rentals.

Increase in demand in the car rental sector. It is seen more in the daily rental area during the pandemic process. On the one hand, there is a demand for cheap car rental service, on the other hand, there is a contraction in demand due to postponed or canceled trips.

The Decrease in Tourism Due to the Pandemic Affected the Cheap Car Rental Industry

The car rental industry has also been adversely affected due to the contraction in the tourism industry, the decrease in the number of foreign tourists and the decrease in business trips. . A serious slowdown has been recorded in daily car rental transactions in Europe, especially in Italy.

As it is known, short-term cheap car rental sector makes about 25-30% of its annual turnover from tourists coming from abroad. For this reason, the number of visitors coming from abroad for touristic or business purposes plays a decisive role in the performance of the sector. Due to the limitation of movement during the epidemic, it is important for the sector employees to apply different action plans and strategies. In the long-term rental business, there does not seem to be a serious negative impact. Delays are only experienced in requests related to the effect size of the epidemic. However, if the epidemic disappears towards the end of the year, a high demand can be achieved in the long-term rental sector and its annual performance can be balanced. The rental car industry is one of the victims of this loss. The car rental industry, which entered 2020 with the target of growth after the contraction experienced for two years, has taken its share from the coronavirus. If new vehicles were purchased by investing in the pandemic period, the cheap car rental sector would be in a much more difficult situation.

As it is known, cheap car rental After the great contraction in the strong> sector in 2018 and 2019, an upward momentum was expected in 2020. However, this growth could not be realized with the start of the Pandemic process.

As a result

The coronavirus epidemic has reached our country. In addition to the vitality it has created in retail, interest in the car rental sector seems to have increased. There are evaluations by the sector officials that those who want to avoid public transportation by avoiding crowded environments have started to prefer the cheap car rental sector in transportation.

On the other hand, The cheap car rental sector has been heavily affected by the coronavirus, due to the decrease in mobility due to the decrease in the number of airlines and the restrictions imposed on airline companies.