| by admin | No comments

‘It was all about the car’: Rental car price spikes hit WA, NT

A new survey shows rental car prices in Western Australia, South Australia and the Northern Territory are on the rise, and the figures are only likely to continue.

The rental car market is growing at an astonishing rate, with rental rates in the NT up 5.7 per cent from a year ago, according to the latest data from property portal Rentrak.

“It was certainly a surprise when the new year started and we’ve had quite a number of new entrants to the market, but the big surprise is the rental car rental market,” Rentrak’s chief economist and vice-president of research, Peter Jones, said.

He said the rental industry was in a state of flux. “

For people who rent a car, it’s always been a fairly high-priced option.”

He said the rental industry was in a state of flux.

He noted there were also changes to the rental insurance market that meant a larger number of people were signing up. “

But also the increased cost of leasing has certainly been a factor.”

He noted there were also changes to the rental insurance market that meant a larger number of people were signing up.

“That’s probably one of the things that’s been driving up the rental prices in the past couple of years,” Mr Jones said.

Rentrak is the market research company that helps people find rental car and hire car rates.

It has been analysing rental rates across Australia since February.

“Rental car rental rates have increased in WA by 4.2 per cent over the past year, and are still up by a further 5.5 per cent,” it said in its annual report.

It noted rental car use was up by 12 per cent in WA over the last 12 months, and that in the Northern Territories the number of cars per household was down by 12.3 per cent.

“This is largely because the number and number of rental vehicles has increased significantly in WA, and is forecast to continue to rise over the coming years,” the report said.

But it said it was concerned about the rental cost of renting cars in the region.

“The average rental car price in WA was $9,100 last year, which was up from $7,000 two years ago,” it noted.

“However, the average rental vehicle cost in the Territory was $11,200 last year.”

It is also possible that some of the rental vehicle costs that are rising in WA may be reflecting a more affordable rental model for those renting a car.

“While rental car renters in WA are more likely to have an existing rental agreement, they are less likely to be able to do so on a new lease, or pay more for a vehicle that has already been leased.” “

A key concern for drivers in WA is that they are having to increase their rent or have to pay more to cover their monthly rental payments,” it reported.

“While rental car renters in WA are more likely to have an existing rental agreement, they are less likely to be able to do so on a new lease, or pay more for a vehicle that has already been leased.”

The data is based on a survey of 1,300 rental car users.

The survey found drivers were split between a two-year rental contract and a one-year agreement, with the most common contracts being two-years and one-years.

Rental cars can be rented for an average of $1,500 a year.

The average cost of a rental car in WA for a one year lease is $5,800.

A one-way rental is $2,300.

“We don’t have data on the number or types of rental contracts drivers are using in WA,” Mr Williams said.

He said it would be interesting to see how the rental sector changed over the next few years and the rental rate of a new car would determine whether a driver would continue to rent a vehicle or not.

Rentratings WA chief executive officer Nick Robinson said it is important to note that the rental and leasing data was based on only one survey, and would not tell the full story of rental rates around the country. “

And we would also expect that more of the renters would be renting a vehicle.”

Rentratings WA chief executive officer Nick Robinson said it is important to note that the rental and leasing data was based on only one survey, and would not tell the full story of rental rates around the country.

“One way or another, these are snapshots and will vary depending on how many people are renting a rental,” he said.