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Small growth in car rental prices
statistikk
2007-03-05T10:00:00.000Z
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 2006

Content

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Small growth in car rental prices

From the fourth quarter of 2005 to the fourth quarter of 2006, the prices of car rental increased by 1.3 per cent. However, the prices decreased compared with the third quarter of 2006.

Car rental, price index. 2005=100

The total index consists of three sub-indices. The price increase was largest for rental to foreign tourists, with 3.6 per cent. Prices for private households and private and public enterprises also increased from the fourth quarter of 2005 to the fourth quarter of 2006.

In the fourth 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.

Car rental, price index 1st quarter 2004-4th quarter 2006.
2005=100
Periode 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
2006  100.3   97.2  101.9  100.4
           
2004          
1. quarter  102.0    113.0 94.4  102.4
2. quarter  102.0    105.0 96.7  102.8
3. quarter  104.1    106.1  105.7  103.3
4. quarter  100.9   99.8 96.1  101.7
           
2005          
1. quarter  100.7 -1.3  106.9 95.9  100.8
2. quarter  100.2 -1.8  100.7  100.4 99.6
3. quarter  100.8 -3.1 98.7  103.0  101.5
4. quarter 98.3 -2.6 93.8  100.7 98.1
           
2006          
1. quarter 98.0 -2.6 97.3 91.7 99.0
2. quarter  102.2 2.0 98.2  101.0  103.1
3. quarter  101.4 0.6 96.3  112.5  100.7
4. quarter 99.6 1.3 97.2  102.4 99.0
About the car rental industry

The car rental industry consisted of 438 businesses in 2004. These businesses employed 1 021 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.