Car rental problems in Spain
News Article Date: Monday 03rd of August 2009
Hire car companies across the region of Spain's southern Mediterranean coast have reported an inability to meet demand despite a drop in the number of tourists this season as the global economic crisis forces many to stay at home.
Many firms have been forced to reduce their fleets because they cannot secure sufficient credit from banks.
Car rental prices 'set to rise'
ETA bombs cause travel chaos on Costa del Sol
Spanish resorts on alert after tourists warned of possible Eta attack
Spain warns of summer jellyfish invasion on Mediterranean beaches
Malaga: Authentic charm of an overlooked treasure"To maintain a fleet of 100 cars a company is left with around 1.3 million of debt," explained Antonio Quintana, manager of Central Car in Malaga. "But with the banks refusing to issue credit to buy fleets, there are fewer cars to offer."
Some companies are using second-hand cars with more than 200,000 miles on the clock to fill the gap and prices for last minute bookings have almost tripled in some places.
"The lack of funding has wreaked havoc," Ana Maria Garcia, president of the Association of Vehicle Rental Services (AESVA) told the region's local newspaper, Diario del Sur.
It has reportedly become almost impossible to rent a car without a reservation at popular destinations such as Malaga airport.
"It's true that some firms have no cars available until August," said a spokesman at Record Go rental company which has offices across the region. "It is possible to find the bigger luxury models but of course they come at a higher price."
The AESVA advises tourists to book early and expect to phone around the 200 or so hire car companies based on the Costa del Sol to search for availability.
"Don't expect to be able to land at the airport and pick up a car without a reservation."
Send us a mortgage enquiry for your mortgage requirements in Spain, France, Portugal, Cyprus, Florida, Dubai and Turkey
Click here to send a Spanish mortgage enquiry
Follow our mortgage blog – the latest news and often irreverent views
Click here to follow our overseas mortgage blog Thanks for reading