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Cheaper car rental for establishments
statistikk
2007-09-20T10:00:00.000Z
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, Q2 2007

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Cheaper car rental for establishments

Car rental prices saw a 2.2 percent drop in the second quarter of 2007, compared with the same quarter in the previous year. The lower prices did not apply to all groups of customers however.

Car rental, price index. 2005=100

The total index for car rental prices consists of three sub indices. Only customers in the public and private establishments group experienced lower prices compared with the second quarter of 2006. For this group of customers, which account for approximately 72 per cent of the market, prices fell by 3.6 per cent. Foreign tourists and private households did not benefit from a similar price development. In the same time period, prices paid by these groups rose 0.6 per cent and 1.0 per cent respectively. Foreign tourists made up 16 per cent of the market, while private households covered the remaining 12 per cent.

Car rental , price index 1st quarter 2004-2nd quarter 2007. 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
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
           
2007          
1. quarter 98.2 0.2 95.1 95.9 98.7
2. quarter  100.0 -2.2 98.8  102.0 99.3

About the car rental industry

The car rental industry consisted of 438 businesses in 2005. These businesses employed 1 006 persons and had a turnover of almost NOK 2.2 billion, according to figures from Statistics 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.