Renting registrations in Spain moderate their fall in June 2022

Renting registrations in Spain moderate their fall in June 2022

New car registrations in Spain carried out by rental companies in June 2022 have reached 28,809 units. A volume of registered vehicles that, compared to that registered in the previous year, represents a drop of 9.65%. The weight of renting in car sales of new cars already reaches 25.9%.

In the month of June 2022
the New car registrations made by rental companies in Spain have accounted for a total of 28,809 units. A volume of registered vehicles that, compared to that obtained in the same period of time the previous year, represents a drop of 9.65%. The renting market continues to fall, although the decline is moderate in relation to the May data.

Cumulative sales figures are similarly negative. In the period between the months of January and June, vehicle registrations registered by rental companies accumulated 123,523 units, 12.60% less than in 2021. The weight of leasing in total new car sales in Spain is 25.9%.

The The segment of vehicles that has the most representation in renting continues to be that of derivatives, vans and pick-ups, where the sector already accounts for 33.80%. In June, renting accounted for 47.66% of the company channel as a whole. During the first semester, the weight of renting in the aforementioned sales channel is 44.94%. The total investment made in the purchase of new cars by rental companies, accumulated to June, reached 2,700.76 million euros, 10.24% more than in 2021.

volkswagen polo
Volkswagen continues to lead car rental registrations

Registrations for renting in June 2022 – Brands

10 o’clock most registered car brands in renting in the company channel, as of June 2022, they represented 68.55%. These firms have seen their registrations increase by 2.17%, while the channel of companies in renting has grown by 7.81%. Volkswagen leads the ranking, followed by Peugeot and Toyota respectively.

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CUPRA Formentor
CUPRA Formentor, the most registered car for renting in Spain in June 2022

Registrations for renting in June 2022 – Models

Talking about the 10 most demanded models in renting up to June, they accounted for 20.60% of the total number of vehicles registered for renting in the company channel. These first models have increased their sales by 27.62%, when the growth of this channel, as previously mentioned, was 7.81%. The CUPRA Formentor continues to lead the market. In second and third position were the Volkswagen T-Roc and the Toyota C-HR.

Renting registrations in Spain moderate their fall in June 2022

Video test of the Toyota C-HR, the hybrid car (HEV) most registered in renting in Spain

Registrations for renting in June 2022 – Propulsion

Between the months of January and June 2022, registered in renting a total of 11,355 units of the different types of electric cars (electric, extended range electric and plug-in hybrid), which represents 9.19% of total rental registrations and growth of 17.35%. The weight that renting contributes to the total sales of electrified vehicles is 28.18%.

On the other hand, alternative energy vehicles (electrified, hybrid, gas and hydrogen) represents, in the first semester, 32.14% of the total renting registrations. In this aspect, the weight of renting in the total volume of alternative energy vehicle operations reaches 23.90%, respectively.

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