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Car rental prices down
statistikk
2006-06-12T10:00:00.000Z
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, Q1 2006

Content

Published:

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Car rental prices down

From the 1st quarter of 2005 to the 1st quarter of 2006 the prices of car rental decreased by 2.6 per cent. The index also shows a small decrease in prices from the last quarter.

The price decrease is largest for rental to foreign tourists and smallest for rental to private and public enterprises. The total index consists of three sub-indices, which all show a decrease from the 1st period of 2005 to the 1st period of 2006.

Car rental, price index. 2005=100

In the 1st quarter of 2006, the private and public enterprises constitute 80 per cent of the total turnover. Private households and foreign tourists constitute 14 and 6 per cent respectively.

The index for the 1st quarter of 2006 is based on 54 880 transactions, which constitutes 290 119 days of rental and a turnover of approximately NOK 98 million.

Revised data 4th quarter 2005

Revised data for the 4th quarter of 2005 is now published. This is due to new information from one of the respondents.

Car rental, price index. 1st quarter 2004-1st quarter 2006.
2005=100
Period Prices Sub-indices
Total index Changes from same
quarter last year.
Per cent 		Foreign
tourists 		Households/
private persons 		Private and
public businesses
2004  102.0 .  104.9 98.0  102.5
2005  100.0 .  100.0  100.0  100.0
           
2004          
1. quarter  101.7 .  111.8 94.2  102.3
2. quarter  101.7 .  103.9 96.4  102.7
3. quarter  103.7 .  105.0  105.5  103.2
4. quarter  100.7 . 98.7 95.8  101.7
           
2005          
1. quarter  100.4 -1.3  105.7 95.6  100.7
2. quarter 99.9 -1.7 99.7  100.2 99.5
3. quarter  101.6 -2.0  101.6  103.7  101.8
4. quarter 98.1 -2.6 93.0  100.4 98.0
           
2006          
1. quarter 97.8 -2.6 96.4 91.4 98.9

The reference period is changed from 2004 to 2005 in relation with this publication. This means that the index can not be compared to indices from old tables when new price changes are to be calculated. All calculations must be based on the new tables.

About the car rental industry

The car rental industry consisted of 438 businesses in 2004. These businesses employed 1021 persons and had a turnover of NOK 1.8 billion, according to 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.