According to an analysis conducted by Aniasa and Dataforce, the market records a slowdown in rental registrations in the first quarter, which are still worth 31% of the market. However, there is a 'boom' for short-term rental. The sector registers 35.2% of electric cars and 55.3% of plug-ins.
In the first quarter of 2024, the rental sector registered 157,049 vehicles between Passenger Cars and Light Commercial Vehicles, of which 113,747 for long rent and 43,302 for short rent.
Overall, rental is worth 31% of the market. The trend of the two channels is different: the long term is decreasing (due to the decline of the Passenger Cars sector, while registrations for LCVs are growing) and the short term is exceptionally increasing.
According to the research, the NLT registered 94,130 Passenger Cars from January to March, net of rent to rent, almost 10,000 fewer than in the same period last year (-9.3%). If in 2023 long rent had performed exceptionally well, especially in the first part of the year, it was because it had accelerated the deliveries of contracts stipulated a long time ago, which it had previously failed to fulfill due to the factories' difficulties in supplying the microchip.
Once the industrial emergency was over and the OEMs' production capacity was back up to speed, long-term rental had achieved excellent results in the first half of the year (close to +50%), only to then slow down in the second part of 2023.
This year, the return to normality was added to the effect of waiting for the incentives recalibrated (upwards) by the Government.
The concrete result of the early announcement was an abrupt stop in registrations for customers (including rental customers) who can take advantage of state bonuses, which led to March, for the first time after 19 months of growth, in the red.
A completely different story for the NLT of light commercial vehicles, with a situation largely in the black. Again excluding rent to rent, long-term rental registered 19,829 units in the first quarter of this year, with an increase of over 5,000 license plates (+36.36%).
If long rent moves at two speeds, for short rent this start of the year is more than positive, with 40,397 registrations (including rent to rent), up compared to the January-March 2023 period by a striking +42.63 %. The trend in registrations of short-term LCV rentals is positive, although not as in the Passenger Cars sector: 2,693 new license plates in the first quarter of this year, with an increase of 18.63% on last year.
Reproduction reserved © Copyright ANSA