U.S. Car Rental Revenue Tops $28B

According to data released by Auto Rental News, total revenue from car rental operations in the U.S. is projected to reach a record $28.43 billion in 2016, a nearly 5% gain in revenue compared to the previous year.

This revenue represents U.S. corporate, franchised, and independent locations.

The number of rental cars in service averaged 2.31 million in 2016, a 6% gain over the previous year, which translates into an average revenue-per-unit, per-month of $1,024. New vehicle sales into rental fleets in 2016 are projected to reach 1.84 million vehicles.

Comment On This Story

Name:  
Email:  
Comment: (Max. 10000 characters)  
Please leave blank:
* Please note that every comment is moderated.

 
 

Newsletter: Sign up to receive latest news, articles, and much more.

Read the latest

Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

Understanding The Fleetification of Everything

As fleet miles increase exponentially, and as new stratum of fleet enter both consumer and business use cases, the "founding fathers" who gathered at Fleet Forward in Miami last week have some work to do.

The Problem with Valuing Safety Technology

As advanced safety technologies have migrated to mainstream vehicles, retaining value for these options at resale remains an issue.

ELD Mandate: Is Your Head Still in the Sand?

If you think you have 11 weeks to implement an Electronic Logging Device system to meet the Dec. 18 compliance deadline, you really don’t — for a few reasons.

Job Finder: Access Top Talent. Fill Key Positions.

>