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How much have car rental prices increased in Russia?

  • May 30, 2023
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Car rental services in Russia are rapidly gaining popularity and at the same time prices are rising. Compared to 2021, the cost of services in this segment has

How much have car rental prices increased in Russia?

Car rental services in Russia are rapidly gaining popularity and at the same time prices are rising. Compared to 2021, the cost of services in this segment has increased by almost 30%.

According to experts from Kokos Group, who analyzed the situation in the car rental industry in collaboration with Gde Elephant’s partner network, the cost of renting cars in the Russian market has increased by 28% compared to 2021. In addition, by the end of this a new price increase is expected every year.

According to experts, price dynamics are influenced by fuel prices, as well as an increase in car maintenance rates and an increase in parts price tags. In addition, there is a shortage of certain car parts in the country from time to time, which also affects the final rental price.

Meanwhile, the popularity of such a service is steadily growing. This is explained by the fact that keeping a personal car in such difficult economic conditions becomes less profitable than driving a rental car.

According to experts from Kokos Group, who analyzed the situation in the car rental industry in collaboration with Gde Elephant’s partner network, the cost of renting cars in the Russian market has increased by 28% compared to 2021. In addition, by the end of this a new price increase is expected every year.

According to experts, price dynamics are influenced by fuel prices, as well as an increase in car maintenance rates and an increase in parts price tags. In addition, there is a shortage of certain car parts in the country from time to time, which also affects the final rental price.

Meanwhile, the popularity of such a service is steadily growing. This is explained by the fact that keeping a personal car in such difficult economic conditions becomes less profitable than driving a rental car.

Source: Avto Vzglyad

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