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MakoEconomy

Election Week Drives Unprecedented Demand for Rental Cars

Translated & summarized from Mako by baba

CenterCharged tone

Hebrew · 2 newsrooms covering

Israel's upcoming elections have caused a record surge in demand for rental cars, as Israelis living abroad return to vote. Rental companies report depleted fleets and unprecedented booking levels, with prices increasing significantly. Customers are willing to pay higher rates for available vehicles, and last-minute renters may face higher costs or larger car categories.

The story in 5 lines · by baba

  • Israel's elections have led to record demand for rental cars, emptying fleets nationwide.
  • Israelis returning from abroad to vote are driving the unprecedented demand.
  • Rental companies report demand exceeding peak tourist season levels.
  • Customers are accepting higher prices and limited vehicle availability.
  • Rental prices for various car types are detailed, with weekly rates being lower.

Israel's upcoming elections have created a surge in demand for rental cars, with companies reporting record-breaking bookings. The spike is attributed to numerous Israelis living abroad returning to the country specifically to cast their votes.

Industry insiders describe the current demand as exceeding levels seen even during peak tourist seasons. "This is above and beyond what we've seen here during the peak tourist seasons," stated a senior executive at a major car rental company. He added that customers are taking whatever vehicles are available and are willing to pay premium prices.

One individual, Gabi Tevet, the CFO of a company in Petah Tikva, attempted to rent a car and was informed by three leading rental agencies that their stock was depleted due to the election-related influx. In one instance, a company reported having only 10 cars left against 80 open reservations.

Since voting abroad is not permitted for the general public in Israel, those wishing to vote must return to the country. Many of these returning voters, who often have family and friends in Israel, prefer to rent a car for the duration of their stay.

The article also details current rental prices, with a mini car costing between approximately 225 to 390 shekels per day. Larger family cars range from 365 to 435 shekels daily, and small SUVs start at around 410 shekels, reaching up to 550 shekels for models like the Nissan Qashqai. Weekly rentals offer a reduced daily rate. Prices include VAT, and some rentals include damage and theft coverage with deductibles ranging from 2,000 to 4,000 shekels. Additional costs may apply for limited mileage, extra drivers, young drivers, airport pickups, and toll road usage.

MakoCentre · Neve Ilan

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Mentioned

Full coverage · 3 outlets
First: Bizportal · Oct 26

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