The long waiting times for a new vehicle, 5 months if it is combustion or 7 months if it is electric or hybrid. The
war in Ukraine and supply chain problems due to raw materials and the lack of microchips have extended vehicle delivery times to customers, which is more noticeable in electric vehicles than combustion engine vehicles.
The difference in the delay of both technologies is due to the fact that, according to the known
production problems Of the vehicles, it should be added that the manufacturers do not have the same capacity to produce an electrified as an internal combustion engine, despite the high demand for the former, so the delay in removing it from the factory is much greater.
According to data from PromoCAR for Sumauto, these conditions allow drivers to
short term rental to compensate for the wait, a trend contributing to the consolidation of this type of rental, which already accounts for 1 in 10 operations.
It is a “monthly rental” modality with used cars and 1 year contracts, but died out without penalty after 6 months. This duration is essential as the buyer of a new vehicle does not start
pay car bills until you no longer have the keys, hence the possibility to opt for a short-term rental that can be adapted in time to your wishes and without the rent overlapping with the fee financed by the purchase.
These contracts have found a market niche that also reaches other types of drivers, either as an entry-level formula for their first hire or as a solution for those who cannot get into debt
or financial leverage. The context of economic uncertainty, characterized by the rise in inflation and interest rates, invites consumers to exercise caution and refrain from committing themselves to long-term financial transactions.
This is the case for new vehicles with “banned” prices, with an average of 20,500 euros, according to the
tax authoritiesa, an amount that prevents many Spanish households from renewing the motorization of their home. And the same is happening with the used car, with the ‘stock’ of diesel and petrol falling 33% and a price increase of 16% (17,561 euros on average) in the past year, according to Autobiz.
According to
Inigo Brenadirector of RentingCars, «looking for just as many in the rental business»
a housing solution until they can move into a new house and get the keys, the same thing happens with cars. Buyers who need a mobility solution start renting for months so that neither their finances nor their travel needs are compromised.
Source: La Verdad
I am Ida Scott, a journalist and content author with a passion for uncovering the truth. I have been writing professionally for Today Times Live since 2020 and specialize in political news. My career began when I was just 17; I had already developed a knack for research and an eye for detail which made me stand out from my peers.
