Rental cars: +56% turnover in 2022 thanks also to private individuals Rental cars: +56% turnover in 2022 thanks also to private individuals

THE car rental in Italy continues to recover at a rapid pace, offsetting much of the drop in retail sales. In 2022, more than 30% of car registrations in Italy are attributed to rental companies. The market is growing and customer needs are changing too private always more oriented towards long-term rental as an alternative to buying. Here are the details of the 2022 report from ANIASA, the National Association of the Car Rental, Mobility Sharing and Automotive Digital Industry.

CAR RENTAL REGISTERED 1 IN 3 NEW CARS IN 2022

The new car market in Italy in 2022 recorded a balance of -9.5% compared to the previous year, offset by the increase in rental car registrations. The 2022 budget published by the category association shows an upward trend short term rental by turnover (+59% compared to 2021), number of rentals (+41%) and rental days (+28%). The positive performance is also due to the driving effect of long term rental:

• 415,000 vehicles registered for a value of 10.5 billion euros;
• 250,000 customers between businesses and individuals;
• more than 31 million rental days;
• more than 5.6 million car-sharing contracts in metropolitan areas.

LONG TERM RENTAL BETWEEN INDIVIDUALS WITH AND WITHOUT VAT

THE long term rental vehicles increased by +7% turnover in 2022 compared to the previous year. ANIASA indicates that the 17% increase in purchases is accompanied by an 18% drop in used vehicle sales. This resulted in a strong increase in the fleet (+9%), which now exceeds 1,100,000 vehicles. The company continues to gain market share thanks to two main factors:

• the gradual recovery of new car deliveries which made it possible to meet fleet renewal requests from fleet and mobility managers;
• the significant increase in requests from individuals, with and without a VAT number, which they are seeing in long-term rental an advantageous solution in this phase of transition to electric. In 2022, the private segment reached a quota of 160,000 vehicles.

ANIASA NEEDS THE TAX LEVEL ON THE RENTAL

After a period of crisis linked to the pandemic, the recovery is also beginning to consolidate for car sharing but with a number of rentals well below 2019 levels (5 million and 600 thousand). The sector includes:

• approximately 2 million and 500 thousand subscribers car-sharing platforms;
• 650 cars make up the shared fleet.

“The acceleration of the turnover of our fleet of vehicles can only go through a greater distribution of paid mobility in our country”he stated Albert VianoPresident of ANIASA. “To facilitate the shift from vehicle ownership to vehicle use, with consequent environmental and economic benefits, adequate use of tax leverage is now essential to alleviate the pressure on urban, tourist and business mobility.”