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Tuesday, 04 May 2021 17:24

Enterprise Releases Q1 Length of Rental Data

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Overall U.S. Length of Rental (LOR) for Q1 2021 remained stable compared to Q1 2020, with an increase of only 0.1 days, Enterprise recently reported.

Since COVID’s impact on 2020 LOR was most evident in April’s increases, we may see a larger difference when analyzing LOR in the second quarter.

 

Drivable claims were mixed across the board, averaging out to match the overall year-over-year increase of only 0.1 days compared to Q1 2020.

 

Meanwhile, non-drivable claims dropped 1.1 days (18.9 in Q1 2021 vs. 20.0 in Q1 2020). Rentals with Total Loss claims rose 0.3 days, from 14.0 to 14.3 days.

 

Significant increases across all categories were seen in Arkansas, Louisiana and Mississippi---states that were hit hard by winter storms in Q1 while still recovering from storms during the summer of 2020.

 

Louisiana saw the largest drivable increase of 2.7 days. States that saw increases of a full day or more include Alabama, Iowa, Idaho, Mississippi, Oklahoma and South Dakota.

 

Colorado had the largest decrease, dropping 1.8 days from 2020 (13.3 to 11.5). This drop was almost a full day greater than the next nearest state, Minnesota, which dropped one full day from 10.4 to 9.4.

 

Louisiana also had the largest increase in non-drivable claims, rising two full days, from 20.4 to 22.4. Three other states saw a non-drivable increase of greater than a day---Idaho, Mississippi and Oklahoma.

 

Only five other states had any increase at all---Alaska, Alabama, Arkansas, Iowa and Vermont.

 

Forty-one states, plus Washington, D.C., saw non-drivable decreases---many significant. Wyoming saw the largest decrease of -4.6 days. Colorado, Kansas, Minnesota, North Dakota and Washington all had decreases of three days or greater, while a further five states---California, Hawaii, Maryland, New Hampshire and Nevada, plus D.C.---saw decreases between 2.0 and 2.9 days.

 

Seventeen additional states saw...


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