According to a new report released by carrentals.co.uk, car rental prices have risen by an average of 30% during the month of August compared to the same time last year. The report claims that cutbacks in fleet sizes during the recession have resulted in fewer cars being made available to customers.
One of the biggest rises was to be found in Turkey with a reported increase of 76%.
Carrentals.co.uk managing director stated that car hire companies haven’t expanded their fleets as banks have not been able to provide the necessary funding. This has resulted in a price increase.
The advice from the report is to book your car hire as early as possible. Customers who booked in March for their car hire in August saved £150 in comparison to travelers who waited until May. Travelers are also advised to shop around for the best deals.