All Car Rental Organizations Association (TOKKDER), the umbrella organization of the car rental industry, announced the “TOKKDER Operational Leasing Sector Report”, which includes the results of the first quarter of 2021, prepared in cooperation with the independent research company Nielsen. According to the report, the operational car rental sector made a new vehicle investment of 4.2 billion TL in the first quarter of the year and added 17 thousand 100 vehicles, which is 10.9 percent of the new cars sold in Turkey, to its fleet. During this period, the asset size of the sector was 42.4 billion TL. In the first quarter of the year, the number of vehicles in the sector’s fleet, which shrank by 3.5 percent compared to the end of 2020, fell to 254 thousand units. The vehicle park of the sector at the end of 2020 was 263 thousand.
The share of hybrid and electric vehicles increased to 3.6 percent
According to the TOKKDER report, in the first quarter of 2021, Renault continued to be the most preferred brand in the Turkish operational car rental industry with a share of 23.2 percent. Fiat followed Renault with 14.9 percent, Volkswagen with 11.2 percent and Ford with 11.1 percent. During this period, 50.7 percent of the sector’s vehicle park consisted of compact class vehicles, while small class vehicles had a share of 27 percent and upper-middle class vehicles 18 percent. The share of light commercial vehicles in operational leasing was 4.3 percent. In the report, the ratio of hybrid and electric vehicles in the vehicle park of the operational leasing sector also drew attention. Accordingly, while diesel fueled vehicles constitute the majority of the sector’s vehicle park with 82.2 percent; The share of gasoline-powered vehicles reached 14.2 percent, and the share of hybrid and electric vehicles reached 3.6. The ratio of automatic transmission vehicles, on the other hand, rose to 66.7 percent.
Half of the contracts are 30-42 months
The operational leasing sector continued to provide significant tax inputs to the economy in the first three months of 2021. According to the report prepared by TOKKDER, the tax amount paid by the sector in the first quarter of 2021 reached 2.3 billion TL in total. Looking at the lease terms in the sector, it was seen that in the first quarter of the year, 49.4 percent of the operational leases in Turkey consisted of 30-42-month contracts. Secondly, the most preferred operational lease term was 19.6 percent for contracts with 43 months or more, while 18-30 month contracts were preferred at 19.3 percent.
Daily rental negatively affected
Stating that the long-term expectations of the short-term rental sector have been negatively affected by the process of taking the pandemic under control, TOKKDER President İnan Ekici said:
“The industry would peak in August in terms of both demand and activity. Depending on the opening of schools this year and other factors; We have hope that this situation may extend until September. In case the pandemic is brought under control, from the Ministry of Culture and Tourism and related state institutions We expect actions that will revitalize tourism in the rest of the year. Foreign tourists are trying to make their reservations, they are in the period of choosing a country for vacation. “