Auto Rental News (ARN) has released its annual assessment of the U.S. car rental market, with updates on revenue, locations and cars in service by company.
In 2013, the U.S. car rental industry is expected to achieve record total rental revenues of about $24.546 billion, a 3.9% increase over 2012 revenues of $23.6 billion. The reported total average fleet size for the U.S. car rental industry is 1.95 million, a 4.8% increase over the average fleet size in 2012. The industry average revenue per rental unit, per month (RPU), was $1,048 for 2013.
“The car rental industry in America is on solid footing,” said Chris Brown, executive editor of Auto Rental News. “While revenues have reached an all-time high, RPU remains robust, even in the face of rising new car costs and softening used car values.”
The chart of the 2013 U.S. Car Rental Market (below) is included in ARN's annual Fact Book issue to be mailed soon.
Click here for statistics from previous years on the U.S. car rental market.