Car hire: Amex GBT bets on a lull in rates

The surge in car hire prices is set to ease this year, according to the new Ground Monitor report published by Amex GBT.
Amex GBT
According to the Ground Monitor report, car hire prices in France will rise by 5% over the next few months.

The trend will not have escaped the attention of French companies: the year 2022 will have been marked by a bill that is salty, to say the least, in the area of car rental. The report Ground Monitor published by American Express Global Business Travel (GBT) confirms this surge in prices. The tariff study even estimates the increase in fares in Paris last year at +15.4 %. Marseille (+12%) and Lyon (10.1%) were not spared by the uptrend.

French companies can rest assured: Amex GBT expects a lull in the coming months. The TMC expects rental price rises to continue over the next few months, but at a slower pace. The report Ground Monitor figure to 5% the price increase on the French market until next March. And this The increase should even be limited to 2% for the main business centres in Paris, Lyon and Marseille..

What about the other business destinations frequented by business travellers? The Ground Monitor report estimates that United Kingdom (+6.5%) and a fortiori theGermany (+7%) will see sharper rises than on the French market. Conversely, the Benelux (3%) and nordic countries (1%) will be relatively unaffected.

On the other side of the Atlantic, Amex GBT has announced rate increases of 5% in the United States. United States and Canada by March 2024, and from 5.5 to 6% in Argentina and Brazil. Car rental prices are also expected to stagnate at Mexico (0%).