21 Oct, 2017 @ 16:11
1 min read

Costa del Sol car hire firms could lose FORTY THOUSAND vehicles as banks ‘not offering sufficient credit’

car hire price drops
Car hire firms

CAR hire firms in the Costa del Sol are being forced to reduce their fleets as banks are not offering sufficient credit.

A fleet of 40,000 cars belonging to 200 car rental firms is now at risk in Malaga.

The financial crisis, and the decline of the travel industry have been blamed for the lull in people hiring vehicles.

Central Car manager Antonio Quintana said: “To maintain a fleet of 100 cars a company is left with around 1.3 million of debt.

“But with the banks refusing to issue credit to buy fleets, there are fewer cars to offer.”

President of the Association of Rental Services Ana Maria Garcia said: “The lack of funding has wreaked havoc.”

1 Comment

  1. I’ve stopped hiring a car in Spain due to the ludicrously expensive insurance, nothing to do with the banks or drop in visitor numbers – just greedy car hire companies.

    I get the autobus from Granada airport to Martos – much better way to see Spain AND much cheaper!

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

MalagaAl Bidda Group e
Previous Story

Malaga’s luxury skyscraper gets environmental green light from Junta de Andalucia

diet avocados
Next Story

Spanish food company launches ‘diet avocados’

Latest from Business & Finance

Go toTop

More From The Olive Press

2 bedroom Apartment for sale in Torrenueva with pool garage - € 242

2 bedroom Apartment for sale in Torrenueva with pool garage – € 242,000

Apartment Torrenueva, Málaga   2 beds   2 baths €
Pictured: Narco drones used by ex-military gang to fly drugs from Morocco to southern Spain

Pictured: Narco drones used by ex-military gang to fly drugs from Morocco to southern Spain

THE Policia Nacional has busted a gang that used Ukrainian