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Cheaper car rental in 2007
statistikk
2008-02-20T10:00:00.000Z
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, Q4 2007

Content

Published:

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Cheaper car rental in 2007

2007 was the cheapest year to rent cars since the recording of prices began in 2004. In the fourth quarter of 2007, business customers and foreign tourists in particular paid lower prices.

Car rental, price index. 2005=100

In the last few years, car rental prices have often been lower in the fourth quarter and this was also the case in 2007. The total index shows a 1.4 per cent decrease compared with the fourth quarter of 2006. For foreign tourists, the decrease was 2.7 per cent, which resulted in the lowest price level in two years. Private households were charged approximately the same prices as in the previous year. Business customers accounted for 80 per cent of the market turnover and experienced a 1.4 per cent decrease in prices compared with the fourth quarter of 2006. Foreign tourists and private households accounted for 5.4 per cent and 14.6 per cent of the turnover respectively.

Car rental , price index 1st quarter 2004-4th quarter 2007. 2005=100
Period Prices Sub indices
Total index Changes from
same quarter
in the previous year,
per cent 		Foreign
tourists 		Private
households 		Private and
public
businesses
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. quarter1 98.3 0.2 97.5  100.2 97.8
2. quarter1 99.8 -2.3 99.4  102.3 99.2
3. quarter  102.0 0.6 98.6  109.8  100.9
4. quarter 98.2 -1.4 94.6  101.9 97.6
1  Previously published values have been edited based on new information
from respondents.

About the car rental industry

The car rental industry consisted of 438 businesses in 2005. These businesses employed 1 006 people 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 largest car rental chains in the industry. These four chains report data from a total of 350 businesses/offices.

Estimation method

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 form a total index for car rental. The weights used are income per type of customer from each of the chains in the quarter in question.

Prices

The price measured is price per day of rental. The price includes possible extra charges for additional rental time/distance driven, insurance, any airport taxes or other extra costs. VAT, fuel costs and one-way fees if applicable are not included.

Reference period

The statistics consists of all transactions in the relevant quarter.