The situation for the car hire industry in Spain shows little sign that it has improved much, if at all, since the world went into economic meltdown in 2008. Customers are reporting a scarcity of vehicles and those who manage to find a car say that prices are exorbitant. Spain was hit particularly hard by the global recession. Car hire companies found themselves unable to restock their fleets as the banks refused to give any money to the lease companies so they in turn could no longer supply vehicles to the car rental firms.
The result of all of this is that there simply aren’t enough vehicles to satisfy demand from travellers requiring car hire when they visit Spain. The recession has also affected the number of people visiting Spain. In 2008 the figures for those visiting Spain from the U.K. for a winter break were down by eighteen percent. Suffice it to say this made the people involved in the countries tourism industry slightly nervous so car hire companies hiked prices by way of compensation for lost revenue. During the summer many customers were booking car hire at rates that were more than double the price of just a year ago. One holidaymaker said that she was shocked to find that the modest run-around she usually hired each year for £200 had suddenly sky-rocketed in price to over £500. She went on to point out that she was seriously considering buying a car and keeping it in Spain as it would probably work out cheaper than having to hire every year.
