FourFourSeconds ago, we told you that there were a few new cars arriving to rent in the country, with the first being the Honda Civic.
But now, the rental car market is about to explode.
According to a report from the Australian Taxation Office (ATO), the market for car rental in Australia is set to explode in the coming months.
The ATO predicts that the rental market will see an increase of more than 30 per cent by 2020, with many new rental car fleets expected to come online and a lot of new cars coming on the market.
This is all happening in the context of a market that has already seen a huge jump in rental car rental, with rental vehicles coming to Australia from around the world.
But it’s not just rental vehicles that are changing the rental industry.
Car rental companies are also facing a new threat to their business, as the government has recently launched a new set of measures to tackle the car renting crisis.
As well as new regulations to limit the number of vehicles available in the rental sector, the government is also making it more difficult for rental car companies to advertise on the internet.
And as the market continues to boom, there’s still no end in sight to the rental crisis.
This is why we want to take a closer look at what’s happening in Australia’s rental industry in the next few months.
What’s going on in rental cars?
The rental car industry has been booming for some time now.
It’s been growing at a remarkable pace, with some major cities like Melbourne and Sydney seeing growth rates of 40 per cent and 50 per cent, respectively.
However, this is nothing new, as rental car services are already booming in some areas.
For example, last year, Sydney’s rental market saw growth of more that 80 per cent.
But as the rental cars have been exploding, so has the demand for rental cars.
The rental market is expected to grow by an additional 20 per cent a year from 2021-2022, with demand expected to double by 2023.
This means that demand for car rentals is set for an explosion.
According the Australian Institute of Regional Studies (AIS), the rental rental market has seen a significant increase in rental vehicles, which is set up as a result of a number of different factors.
Firstly, there is the increasing number of rental car operators who are looking to expand their fleet.
In fact, the number-one reason for a rental vehicle to be on the road is to rent.
This has driven up rental car prices.
In addition, many rental car drivers have been forced to take on extra costs to get the car, including insurance and maintenance.
In addition, rental car owners have also been forced into renting out the car to other people.
So the rental companies need to increase their fleet in order to meet the growing demand for the cars, which means the rental markets demand for cars will also increase.
It’s not the only factor contributing to the boom in rental market activity.
Secondly, the market is also facing another big threat to its business, namely the new regulations coming from the government.
In May, the ATO published a report which outlined new regulations which will make it harder for rental companies to recruit drivers, who will now be required to demonstrate they have at least 10 years’ experience.
According a recent report from a local business, this will make rental car agents more difficult to recruit.
It will also limit the growth of car rental fleets, meaning that demand will fall further.
This, combined with the increase in demand for rentals, has led to a boom in the number and quality of car rentals in Australia.
It all comes back to supply and demandThe supply side of the rental economy is already booming.
But there’s another major issue at play when it comes to the demand side of rental cars: the lack of supply.
The rental market in Australia has seen the number (and quality) of rental vehicles on the roads steadily grow.
This means that supply has been extremely limited, and it has resulted in demand falling further.
According AIS, the supply side has seen supply increase by nearly 70 per cent from 2010-11 to 2020-21.
However, there has been no increase in supply since 2020-22, and in fact demand has actually been falling since the beginning of the year.
So, there are a number things going on at the moment that are keeping the rental supply from growing.
The first is that the supply of rental services is still limited, meaning rental car businesses are struggling to attract drivers.
Secondly and more importantly, there isn’t enough supply of cars in Australia, meaning there is a shortage of rental companies looking to rent cars.
This situation has led many rental companies, including the major players like KTM, Ford, Holden, Ford Australia and Uber, to look for alternative ways to get drivers.
These alternatives are often based on a mix of cars being available in some form or another, or even rental car vehicles being available to lease in some way.