New car registrations made by renting companies in Spain during the month of July 2021 have accounted for a total of 22,689 units. This volume of sales, compared to the record in the same period of the previous year, represents a decline of 14.61%.
The renting sector has not been able to avoid the fall that the Spanish automobile market has suffered during the past month of July 2021. The New car registrations registered by renting companies in Spain reached the 22,689 units, which is a 14.61% drop compared to data for the same period of the previous year. In this way, the positive streak that had been dragging car renting ends.
With regard to the accumulated period of the year, that is, between the months of January and July, the situation is quite different. Vehicle registrations made by renting companies totaled 164,012 units, which represents an increase of 43.96% compared to 2020. The weight of renting in total car sales in Spain stands at 25.05%.
The segment of vehicles that has the most representation in renting remains the same. This is the category of derivatives, vans and pick-ups, where the sector accounts for 29.68% of the market.
On the other hand, total investment made by renting companies in the purchase of new cars, has reached 3,491 million euros as of July 2021, 50.60% more than in the same period of the previous year.
Video test of the Nissan Qashqai, one of the most registered cars by renting companies
Registrations for renting in July 2021 – Brands
Until July 2021, ten most registered car brands in renting in the company channel they have represented 72.49%. These firms have seen their registrations increase by 24.68% while renting, in the company channel, has grown by 22.21%. Volkswagen, Puegeot and Renault have topped the list.
Registrations for renting in July 2021 – Models
Regarding the ten most demanded models in renting As of July 2021, these have accounted for 24.90% of the total vehicles registered for renting in the business channel. This is a very high percentage. These first models, during the first seven of the year, have seen their presence in the company channel increased by 66.54%. The leader has been the Renault Kangoo, followed by the Nissan Qashqai and the Peugeot 3008 in second and third position respectively.
Registrations for renting in July 2021 – Propulsion
In the period between the months of January and July 2021, the registered in renting 11,689 units of the different types of electrified cars
(electric and plug-in hybrids), which represents 7.13% of the total rental registrations. The weight that renting contributes to electrified car sales is 32.80%.
On the other hand, alternative energy powered vehicles (electrified, hybrids, gas and hydrogen), accounted for 25.80% of total rental registrations as of July 2021. The weight of renting in the total number of alternative energy vehicle registrations was 23.99%.