According to the data of All Car Rental Organizations Association (TOKKDER) The rental sector bought 7 out of 100 vehicles in Turkey.
All Car Rental Organizations Association (TOKKDER), the umbrella organization of the car rental industry, announced the “TOKKDER Operational Rental Sector Report”, which includes the results of the first nine months of 2023, prepared in cooperation with the independent research company NielsenIQ. According to the report, the operational vehicle rental sector decreased in the first nine months of the year. It invested 52 billion 400 million TL in new vehicles and added 51 thousand 600 vehicles to its fleet. As of the end of the third quarter of the year, the asset size of the sector was 136 billion 650 million TL. During this period, the total number of vehicles in the sector increased by 2.8 percent compared to the end of 2022, reaching 252 thousand. Here According to data from the Automotive Distributors and Mobility Association, total automotive sales were recorded as 300 thousand 206 units in the same period. When these two data are compared, sales in the third quarter of the year It was observed that 7 out of every 100 vehicles went to the rental sector.
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According to the report, Renault continued to be the most preferred brand in the Turkish operational car rental sector with a share of 17.5 percent. Renault was followed by Fiat with 16.5 percent, Toyota with 10.8 percent, Volkswagen with 10.7 percent and Ford with 10.0 percent.
During this period, 47.8 percent of the sector’s vehicle park consisted of compact class vehicles, while small class vehicles took a 28.6 percent share and upper-middle class vehicles took a 12.2 percent share. The share of light commercial vehicles in the fleet of the operational vehicle rental sector, which was 2.9 percent at the end of 2018, increased to 7.0 percent at the end of the third quarter of 2023.
On the other hand, it was also noteworthy that the share of hybrid and electric vehicles in the sector’s vehicle park continued to increase. Accordingly, while diesel fuel vehicles continue to constitute 44.2 percent of the sector’s vehicle park, the share of gasoline vehicles increased to 46.2 percent, and the share of hybrid and electric vehicles increased to 9.4 percent.
Another data included in the TOKKDER report was that, at the end of the first nine months of the year, sedans continued 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 54.3 percent, and vehicles with hatchback body type ranked second with 21.1 percent.
SUV vehicles ranked third with 15.9 percent. These vehicles were followed by vehicles with station wagon body type with 0.9 percent. While 76.6 percent of the sector’s total vehicle fleet consists of vehicles with automatic transmission, the share of vehicles with manual transmission was 23.4 percent.
Evaluating the sector results for the first nine months of the year, TOKKDER Chairman İnan Ekici said: “According to TOKKDER Operational Leasing Sector Report data, the number of vehicles in the fleet of the operational leasing sector reached 252 thousand, growing by 2.8 percent compared to the end of 2022.
Despite the slowing economic activity, deterioration in the supply chain, global inflation pressure, increasing costs and difficulties in accessing finance, the realization of this growth is a positive development and indicates that operational vehicle rental will be more preferred in the coming period due to the benefits it offers to businesses in terms of efficiency.
I estimate that the operational car rental industry will grow in the last quarter of the year and close 2023 with a growth of approximately 5 percent compared to 2022 and a vehicle fleet size of 257 thousand units. “In 2024, the development of the sector will be determined by the course of economic activity, access to finance, costs and developments in vehicle supply.” he said.
İnan Ekici also touched upon global climate change and sustainability issues. “In parallel with the fight against climate change and energy saving policies, the number of environmentally friendly vehicles in the fleet of the car rental industry is increasing day by day and will continue to increase.
According to TOKKDER Operational Leasing Sector Report data, the share of hybrid and electric vehicles in the vehicle park of the operational vehicle leasing sector reached 9.4 percent. Environmentalist movements similar to those in Europe have begun to emerge in our country. In parallel with global trends, environmentally friendly vehicles are now given more space in fleets.
Thanks to the leasing method, businesses of all sizes have the opportunity to acquire electric vehicles with reasonable monthly rental payments, without the risk of initial cost and second-hand price uncertainty. It has become imperative for all countries of the world to participate decisively in the fight against climate change and carbon emissions in terms of sustainability goals.
“I believe that it is a responsibility for all of us to embrace living in harmony with nature and make this a goal in order to leave a livable world to future generations.” said.