Take a Glance at the Future of Car Rental Market in the UK

The Role of Car Rental or Leasing Market UK

The auto sector UK lease or rent cars, from small vans to luxury SUVs, to their global clientele upon their arrival in the country.  No matter the travelers are visiting the country for business or leisure, car rental has become quite a popular way of traveling across the country at a great convenience. Car rental companies has been a great aid for businesses and individuals who stay in the country for a short-term period and don’t want to invest a large amount in purchasing a car, or experience the hassles of traveling in public transports.

One of the fastest-growing industries in the UK

Looking at the annual report of the car rental industry UK, it seems that the industry has gone far from the economic crisis of 2010-2011. The country hosted Olympic in the year 2012, and due to this number of international travelers visited the country in the last year giving a tremendous boost to the car rental industry.

In comparison of the year 2011-12, the revenues for 2012-13 have increased by 39.8%. According to the experts, the car rental and leasing industry in the UK is expected to grow at an annual rate of about 4% in the coming five years, with an estimated profit rise of £12 billion.

London based car rental companies is set to see a maximum increase in their yearly revenues. Today, car rental industry shares more than 34 percent of the total industry revenues, and has become one of the leading industries in the country.

Here are the top trends that will drive the UK car rental industry in the current year:

• More Choices Available Now

Smart cars are the latest addition to the UK car rental. The rental companies are now offering more choices of cars to their valued customers. From a compact car to luxury icon BMW and limousine, the companies offer a wide fleet of rental cars to choose from.

• New companies are emerging

Gone are the days when only a few brands are dominating the car rental market of the UK. Many new companies have been introduced in the market giving tough competition to the popular brands like Avis, which in turn helps the end users find really cheap car hire deals.

• Discounts and promotional offers

The car rental companies are now offering great discounts throughout the year. Make sure you book your car well in advance, as this will help you further move down the rental price.  Rather relying upon only the renowned brands, look out for some other small companies and don’t hesitate in negotiating for the best price.

• Online Booking is in Vogue!

Most of the rental companies have their presence on the web today. Both the companies and the customers are benefiting largely from the online car hire portals. The customers can easily search, compare and book the car hire packages online. Car rental companies can go closer to their targeted audience, make their availability round the clock through their online portal, and attract more customers with attractive discounts.

The UK car rental industry is all set to cross its next milestone in terms of revenues and popularity in the current decade from 2013-2023. Getting a cheap car rental UK hireacarnowgroup has become a lot easier today. So, when are going to travel to the UK?