31.95% of rental registrations correspond to vehicles powered by alternative energy sources and 8.90% are electrified
Renting closed the third quarter with a weight of more than 26% in registrations and investments in vehicle purchases of more than 4,024 million euros, with a weight in the market of 26.08%. They are figures that
encourage optimism in a car market hit hard by the crisis due to the effects of Covid-19, the lack of components and the war in Ukraine.
Economic uncertainty and the electrification process in Europe, with increasing restrictions on less efficient vehicles, are also responsible for more and more people and companies
postpone your purchase decision and opt for flexible alternatives to vehicle access, such as renting and paying for use.
So, according to the figures published by the Spanish rental association AER in September, they have registered
a total of 20,691 cars in rental, 17.87% more than in 2021. There are a total of 183,476 units, 5.54% less than in the same period of 2021, when 194,235 vehicles were counted.
In September, 20,691 cars were registered in the lease sector, 17.87% more than in September 2021, when 17,554 units were registered. On its side, the overall market is up 10.68%, with 78,753 registrations in the month.
In the aforementioned month, rent was 45.61% of the total business channel; in September 2021 it was 44.75%.
In the cumulative weight, rents in this business channel weigh 45.87%, compared to 40.80% recorded as of September 2021. The total investment made in
the purchase of new vehicles by leasing companies, accumulated to September 2022, reached 4,024.25 million euros, 2.75% less than in September 2021, when an investment of 4,138 million euros was booked.
According to José Martín Castro Acebes, president of the Spanish Vehicle Rental Association, September was another good month for registrations in the rental sector, which registered an increase of almost 18%. “This is allowed
shorten registration purchase cumulatively, which amounts to 5.54%, compared to the same period in 2021, a difference that is even smaller when we talk about investments in the purchase of vehicles, which are only 2.75% lower than those registered at the end of the third quarter of 2021, mainly thanks to the commitment of leasing and its customers to alternative energy vehicles, which already account for 31.95% of leasing registrations,” explains Castro Acebes.
As of September 2022, 16,323 units of
the different modalities of electrified (pure electric, extended range, petrol plug-in hybrid and diesel plug-in hybrid), representing 8.90% of total lease registrations and a growth of 10.15% compared to the data as of September 2021, when 14,819 electrified units were counted. For their part, the 58,937 registered electrified units in the total market represent 8.38% of the total registrations. The weight that rents contribute to the total electric vehicle registrations is 27.70%.
On the other hand, vehicles powered by
alternative energies (electrified, hybrid, gas and hydrogen) represent 31.95% of total lease registrations as of September 2022, while their penetration was 27.39% in September 2021. Renting weighs in at 23.88% in the total number of registrations of alternative energy vehicles.
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.
