Sixt car rental report increase in second quarter revenue

The car rental giant has reported an increase of 7.8 per cent in revenue because the demand for car rentals and business leasing for the second quarter has gone up the charts. The revenue increase is also due to the company reducing their fleet size at the end of 2008 in line with what they expected to be a quieter year in the car rental industry.

The company has worked well through the recession hit world and as a result of their careful planning, slight price increases and ideal fleet management skills they have managed to record a growth in revenues. The managing director of Sixt in the UK, Ian Lawrence, is said to be delighted at the way the company had worked to get through the difficult period in the car rental market. Lawrence also suggests that the strong growth they have shown will keep them safe for much of the rest of the year.

Sixt also managed to gain the award for World’s Best Car Rental Agent in Travel + Leisure’s annual World’s Best Awards that are voted for by the readers of the magazine. Although they are showing signs of improvements the company’s year on year figures for the second quarter are actually down by 9.5 per cent.