Positive outlook on australia's car rental sector the status of the market in 2018

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Positive Outlook on Australia's Car Rental Sector: The Status of the Market in 2018 Aries Car Rental 166 Adelaide Terrace East Perth 6004 08 93254110


People rent cars for several reasons, as the comfort and convenience it offers is undeniable. Whether it’s a sedan, an SUV or a van, they are ideal to use for romantic beach getaways, business trips, family vacations and long-haul road trips. In Australia, the growing tourism industry boosted the car rental sector. The country’s automotive industry saw some notable changes from last year, and the positive impact is likely here to stay in the next few years. According to an extensive research on Australia’s travel and tourism industry, there would be an increase in popularity in the car rental market. Researchers claim that the sector would remain strong after experiencing a 10 per cent jump in value in 2013.

Five-Year Forecast The report reveals that the supply and demand of car rental firms can strengthen the market up to 2018. Though companies may experience a slow growth, the category of leisure car rental will boom. This is due to the depreciating value of the Australian dollar, as it continues to urge more Aussies to travel locally and explore hidden areas.


Another factor that contributed to the market growth is the lack of transportation alternatives. A team of researchers indicates that the country does not have enough population density to support rail infrastructure. This is the reason car rental quickly became the most reliable and simplest mode of transportation for tourists who want to visit the major population centres.

Reasons to Rent 

Save Money

If renters have an old vehicle and needed something for long trips, renting one can help them save money on gasoline. Car rental firms offer newer models, as they have good gas mileage and reliable performance. 

Affordable

For a huge group of locals or tourists, renting a large vehicle is much more affordable than hiring two or three small cars. This is one of the many services a car rental company can provide, giving an excellent value for money.


There is no doubt the growth of Australia’s car rental market remains strong. The finding aims to highlight how tourists and locals can save time and money, while empowering them to make informed decisions.

Resources: http://www.cnbc.com/id/102482002 http://www.ariescarrental.com.au/ http://www.traveldudes.org/travel-tips/travel-tip-australia-buying-sellingand-renting-car-down-under/291


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