While rental car companies continued to grow business in 2023, the rate of increase since the pandemic is easing back to normal levels.
While the U.S. car rental market hit a new revenue record of $30 billion in 2018, there are a few items on the industry’s “to-do list” to best position itself for the future of transportation.
In 2012, the U.S. car rental industry is expected to achieve record total rental revenues of $23.63 billion at a total fleet size of almost 1.86 million vehicles.
Rental car sales at SFO increased from $400.6 million in fiscal year 2010-2011 to $454.8 million in 2011-2012 for a 13.5% increase.
As part of the Auto Rental News Fact Book published annually, here are the overall statistics and projections for the U.S. car rental market in 2011 from our 2012 Fact Book.
The CEO says the results were driven by a growth in insurance replacements, Advantage Rent-a-Car and worldwide equipment rentals.
Compared to September last year, auto rental and oil spend increased by more than 70 percent, and the overall visitor’s spend for the month increased by 48 percent.
In Kansas City, Mo., the city council revised a car rental fee ordinance to include hourly auto rentals — or car sharing — in the $4 fee, which will be broken down to 17 cents per hour.
Sixt Group’s pre-tax earnings double, rental revenue rises 11.9 percent in first half.
Dollar Thrifty Automotive Group increased net income from $45 million in 2009. The company noted that rental revenue was flat on a year-over-year basis and also discussed the status of a potential merger with Avis Budget Group.
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