About Us

Costco car rentals in the UK fall by 15%

Posted by admin

Costco has slashed its car rental service by 15%, as the company works to keep its car network in check amid an unprecedented wave of cancellations and a slowdown in demand from the UK’s big three.

The car rental firm says the drop comes after it saw a 13% drop in the number of car rentals booked at its stores last year.

The company says the cancellations were mainly due to the fact that demand for its services was “not sustainable,” and said it was also losing money on the business.

“We have seen a significant drop in car rental bookings,” said David Karp, senior vice president of corporate communications at Costco, in a statement.

“While the overall number of rental orders and the number booked at the end of each quarter have increased, we believe the number and rate of cancellions continue to be significantly higher than at the same time last year.”

The company also reported that its annual car rental revenue fell 6% in the first half of 2017, while average car rental prices were up just 3%.

A number of other companies have reported similar trends.

Costco has been hit hard by the downturn in car rentals after an early push into the sector last year, and recently reduced the number it offers, which has led to an exodus of customers.

It has also seen a number of high-profile companies, such as Apple, drop their car rental services amid rising costs.

“The cost of renting a car is increasingly out of reach for millions of American families and small businesses,” said Josh Schwerin, CEO of The Luxury Car Rentals Group, a New York-based luxury car rental company that had just closed on a deal with the company to offer its cars in-store at a cost of $1,500 a month.

“With fewer and fewer customers willing to drive and the cost of rental cars increasing, it is clear that the automotive industry is facing a critical shortage of rental vehicles, which will be compounded by a lack of demand from car buyers.”

Meanwhile, the cost per mile for an electric car has soared, with Tesla charging a whopping $5,000 for a 100-mile range per month.

Meanwhile a number are calling for the UK government to introduce new legislation to ban car rental companies from charging for miles that are lost due to driver error.

As we reported last month, a survey by the UK Auto Insurance and Repair Association (UKAA) found that the average car in the country was only 9.7 miles long.

The UKAA said that while the number is lower than a few years ago, the survey found that more than half of respondents were unsure whether they could afford to buy a car.

While UKAA is urging people to “drive less” in an attempt to save money, some are also calling for an outright ban on car rental firms.

Follow us on Twitter at @CNNOpinion

Sponsored Content

우리카지노 | TOP 카지노사이트 |[신규가입쿠폰] 바카라사이트 - 럭키카지노.바카라사이트,카지노사이트,우리카지노에서는 신규쿠폰,활동쿠폰,가입머니,꽁머니를홍보 일환으로 지급해드리고 있습니다. 믿을 수 있는 사이트만 소개하고 있어 온라인 카지노 바카라 게임을 즐기실 수 있습니다.【우리카지노】바카라사이트 100% 검증 카지노사이트 - 승리카지노.【우리카지노】카지노사이트 추천 순위 사이트만 야심차게 모아 놓았습니다. 2021년 가장 인기있는 카지노사이트, 바카라 사이트, 룰렛, 슬롯, 블랙잭 등을 세심하게 검토하여 100% 검증된 안전한 온라인 카지노 사이트를 추천 해드리고 있습니다.카지노사이트 추천 | 바카라사이트 순위 【우리카지노】 - 보너스룸 카지노.년국내 최고 카지노사이트,공식인증업체,먹튀검증,우리카지노,카지노사이트,바카라사이트,메리트카지노,더킹카지노,샌즈카지노,코인카지노,퍼스트카지노 등 007카지노 - 보너스룸 카지노.2021 베스트 바카라사이트 | 우리카지노계열 - 쿠쿠카지노.2021 년 국내 최고 온라인 카지노사이트.100% 검증된 카지노사이트들만 추천하여 드립니다.온라인카지노,메리트카지노(더킹카지노),파라오카지노,퍼스트카지노,코인카지노,바카라,포커,블랙잭,슬롯머신 등 설명서.한국 NO.1 온라인카지노 사이트 추천 - 최고카지노.바카라사이트,카지노사이트,우리카지노,메리트카지노,샌즈카지노,솔레어카지노,파라오카지노,예스카지노,코인카지노,007카지노,퍼스트카지노,더나인카지노,바마카지노,포유카지노 및 에비앙카지노은 최고카지노 에서 권장합니다.바카라 사이트【 우리카지노가입쿠폰 】- 슈터카지노.슈터카지노 에 오신 것을 환영합니다. 100% 안전 검증 온라인 카지노 사이트를 사용하는 것이좋습니다. 우리추천,메리트카지노(더킹카지노),파라오카지노,퍼스트카지노,코인카지노,샌즈카지노(예스카지노),바카라,포커,슬롯머신,블랙잭, 등 설명서.