Car hire giant Europcar wary on UK

Europcar Groupe is “cautious” about the British car rental market as it monitors developments in the UK’s negotiations to leave the EU, although it has yet to see any impact on its 2017 results.

“We confirm our 2017 guidance, with our cautious view on Britain,” chief executive Caroline Parot said of Europcar’s second biggest market.

Travel and tourism industry associations have been pushing to secure visa-free travel between Britain and the EU after Brexit to limit disruption to the industry. Europcar recently took full control of its Irish operations after buying out its Irish franchise business owners.