Renting is consolidated as an alternative to buying a car

Date:

Billing in 2022 is estimated at 7,426 million euros, 11.65% more than last year

Vehicle registration in the ‘rental’ sector in Spain
decreased by 2.26% (254,948 units) compared to the previous exercise. These are figures that show that this sector has not been left out of the semiconductor crisis and the war in Ukraine that hit the automotive industry, but that they serve to consolidate this modality against traditional purchases.

According to the president of the Spanish Rental Association (AER), José-Martín Castro, it is
registrations are lower Compared to last year, the sector managed to close 2022 with a turnover of 7,426 million euros, which is 11.65% more than last year.

The fleet of leased vehicles in Spain increased by 7.15% year-on-year in 2022 to 853,644 vehicles, while the number of customers increased by 3.91% compared to last year, to 258,527.

“In the same way that 2021 jumped out
a very complex year in management, the recently concluded 2022 has continued in the same vein. The semiconductor crisis and its impact on manufacturing activity have further limited the available range of vehicles, impacting new customer generation. Despite this, leasing in the park has continued to grow, becoming heavier in total registrations and adding new customers, albeit at a slower pace,” notes José-Martín Castro.

On the other hand, in 2022, alternative energy and low-emission models, with the DGT “Eco” or “0” badge, accounted for 32.09% of lease registrations in Spain, with an advance of 29.15% compared to the previous year, although it is
less than 35.8% of the national market as a whole. In total there are about 70,000 electrified vehicles, of which about 21,000 are purely electric and the rest hybrid.

«These parameters indicate that ‘rental’ has established itself as an ambitious mobility model and that, in a normal situation without the absence of vehicles,
would return to higher growth ratesbecause the hunger for ‘renting’ is still active,” Castro added.

Source: La Verdad

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