According to TOKKDER’s statement operational car rental sector In the first half of the year, it invested 43.4 billion TL in new vehicles and added 34 thousand vehicles to its fleet.
All Car Rental and Mobility Organizations Association (TOKKDER) stated the following on this subject: “TOKKDER announced the “TOKKDER Operational Leasing Sector Report”, which includes the first half results of 2024, prepared in cooperation with the independent research company NielsenIQ. According to the report, operational vehicle rental sector In the first 6 months of 2024, it invested 43.4 billion TL in new vehicles and added 34 thousand vehicles to its fleet. While the total number of vehicles in the sector increased by approximately 1.2 percent compared to the end of 2023, reaching 257 thousand, the asset size of the sector exceeded 215 billion TL. According to the report, Renault continued to be the most preferred brand in the Turkish operational vehicle rental sector with a share of 17.9 percent. Renault was followed by Fiat with 17.0 percent, Toyota with 10.5 percent, Ford with 9.9 percent and Volkswagen with 9.6 percent. While 46.2 percent of the sector’s vehicle park consists of compact class vehicles, small class vehicles took a 30.6 percent share and upper-middle class vehicles took a 10.9 percent share. At the end of 2018, the share of light commercial vehicles in the fleet of the operational vehicle rental sector increased from 2.9 percent to 7.4 percent. While gasoline vehicles constitute 54.4 percent of the sector’s vehicle park, the share of diesel vehicles decreased to 36.3 percent. The share of hybrid and electric vehicles was 9.2 percent.
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Another data included in the TOKKDER report is that the sedan continues to be first in the vehicle preference ranking according to body type in the operational car rental sector. In this context, vehicles with sedan body type ranked first with 48.7 percent, and vehicles with hatchback body type ranked second with 22.8 percent. SUV vehicles ranked third with 19.2 percent. These vehicles were followed by vehicles with station wagon body type with 0.9 percent. While 79.2 percent of the sector’s total vehicle fleet consists of vehicles with automatic transmission, the share of vehicles with manual transmission was 20.8 percent. The operational car rental sector continued to provide significant tax input to the economy in 2024. The total tax amount paid by the sector in the first half of the year amounted to 23.1 billion TL.
Evaluating the first half results of the operational car rental sector in 2024, TOKKDER Chairman of the Board Kağan Yaşa said: “According to TOKKDER Operational Leasing Sector Report data, which includes the first half results of 2024, the total number of vehicles in the operational leasing sector increased by approximately 1.2 percent compared to the end of 2023, reaching 257 thousand. The asset size of our sector, which has reached 215 billion TL, has reached a very important point when compared to non-bank financial institutions.
The equity capital of our sector exceeded 104 billion TL, reaching almost half of the total assets of our sector. Our sector meets half of the financing it needs with its own resources. “The fact that our sector’s non-performing loans ratio (NPL Ratio) is at 1.5 percent is an indication of a healthy structure.” he said.
Referring to the growth potential of the operational car rental sector, Kağan Yaşa continued his words as follows: “According to 2022 data, while the number of cars per 1,000 people in the European Union is 560, this number has only reached 167 in our country. In addition, I estimate that there are 2 million 500 thousand motor vehicles used for business purposes in our country. Despite the many advantages it offers in terms of efficiency, savings and risk management, only 10 percent of the vehicles used for business purposes in our country are financed by the operational leasing method.
In European Union countries, the share of operational leasing in financing company vehicles has increased from 48 percent to 57 percent in the last 7 years. Based on all these data, I can say that our country’s operational car rental sector will grow with solid steps and sustainably in the coming period.”