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13243
Car rental prices up
statistikk
2006-03-14T10:00:00.000Z
Prices and price indices;Establishments, enterprises and accounts
en
bilutleie, Car rental, price indexProducer and wholesale price indices, Establishments and enterprises , Prices and price indices, Establishments, enterprises and accounts
false

Car rental, price index, Q4 2005

Content

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Car rental prices up

The prices on car rental increased by 1.9 per cent from the 4th quarter of 2004 compared with the same period in 2005. The price increase was 1.0 per cent from the 3rd to the 4th quarter of 2005.

The total index consists of three sub-indices. The sub-indices for private households and private/public enterprises both had an increase from the 4th quarter of 2004 to the corresponding period in 2005. These sub-indices had an increase by 4.8 and 2.1 per cent respectively. The sub-index for foreign tourists on the other hand shows a decrease in the same period. The decrease is 5.8 per cent.

In the 4th quarter of 2005, the private and public enterprises constitute 77 per cent of the total turnover. Private households and foreign tourists constitute 16 and 7 per cent respectively.

Car rental, price index. 2004=100

Car rental , price index 1st quarter 2004-4th quarter 2005. 2000=100
Periode Prices Sub-indices
   Total Index    Changes from same
quarter last year.
Per cent 		   Foreign
tourists 		   Households and
private persons 		   Private and
public businesses
2004  100.0    100.0  100.0  100.0
           
2004          
1. quarter 99.7    106.7 96.1 99.8
2. quarter 99.7   99.1 98.4  100.2
3. quarter  101.8    100.1  107.6  100.7
4. quarter 98.8   94.2 97.8 99.3
           
2005          
1. quarter 98.4 -1.3  100.9 97.6 98.3
2. quarter 98.0 -1.7 95.1  102.3 97.1
3. quarter 99.7 -2.1 96.9  105.8 99.4
4. quarter  100.7 1.9 88.7  102.5  101.4

The index for the 4th quarter of 2005 is based on 55 350 transactions, which constitutes 238 960 days of rental and a turnover of NOK 90 million.

About the car rental industry

The car rental industry consisted of 438 businesses in 2004. These businesses employed 982 persons and had a turnover of NOK 1.8 billion, according to preliminary figures from Statistic Norway’s structural statistics.

Data sources

Statistics Norway receives data from the four larges chains in the industry. Theses four chains are reporting data from a total of 350 businesses/offices.

Analysis

Three sub-indices are calculated. One index is calculated for foreign tourists, one for private households and one for private and public enterprises. These sub-indices are weighted together to a total index for car rental. The weights used are the income per type of customer from each of the chains in the quarter in question.

The price measured

The price measured is price per day of rental. The price includes possible extra charge for additional time/distance, insurance, possible airport tax or other extra costs. VAT, fuel costs and possible one way fee are not included.

Time of measurement

The statistics consists of all the transactions that the chains have carried through in the quarter in question.