Rental Car Industry Pulls Back from Rapid Revenue Growth This Year
Dec 17, 2024 · Overall, the industry is on target to hit about $37.9 billion in annual revenue this year, down slightly from $38.4 billion in 2023 which was a record high.The car rental market has interrupted a four-year trend of steep revenue gains since the COVID pandemic.
Fact Book 2024 - Auto Rental News
Independent and franchised car rental operators share their perspectives on vehicle availability and cost, fleet mix, car rental rates, incorporating technology and telematics — and how they plan to grow and change.
Electric Vehicles Still Destined to Succeed
Jan 9, 2025 · The key question facing our industry, perhaps an existential one, is how we will adapt if and/or when the nation transitions to electric vehicles.. Not long ago it would have been a safe bet to expect the re-election of Donald Trump would be a death knell for EV manufacturers, but the CEO of the world’s most successful OEMs may have somewhat surprisingly thrown a wrench into this assumption.
Rental Car Industry Trends Ahead for 2025
Dec 20, 2024 · What’s top of mind will point to or involve industry trends and shifts. Two events in 2024 collected many of those topics and insights on the present and future state of the auto rental industry: The American Car Rental Association (ACRA) annual conference in Washington, D.C., Sept. 16-18, and the International Car Rental Show in Las Vegas, April 15-17.
Operator Outlook: Rental Fleet Vehicle Market Improves
5 days ago · As part of the annual Fact Book rites, Auto Rental News interviewed in detail a diverse business group of five operators for some insights into the state of the rental car industry and the markets it serves: Bill Wallschlaeger, president of Midwestern Wheels Inc. (Avis and Budget), Appleton, Wisconsin; board director of the American Car Rental Association; president of Avis Budget Payless ...
Annual U.S. Car Rental Revenue Tops Itself Again at $38.3 Billion
Dec 18, 2023 · The U.S. car rental industry earned an estimated $38.3 billion in revenue in 2023, exceeding a “shattering record” from the previous year, according to data collected by Bobit for the 2024 Auto Rental News annual Fact Book.
How Car Rental Operators Can Prevail in 2024
Jan 4, 2024 · It’s becoming clear that 2021 and 2022 were anomalies of historic proportions.. Sure, fleet was hard to come by, but everyone enjoyed insanely high rental rates and was able to exit fleet with minimal net holding costs. Profit margins were historically high for everyone, from the majors on down to the guy with 20 crossovers.
ICRS 2024: Update on Today’s Car Rental Market
Mar 12, 2024 · John Healy, managing director and market analyst at Northcoast Research, will provide his view on the forces driving U.S. and international car rental for publicly traded companies and the market in general.. Chris Brown, associate publisher of Auto Rental News and ICRS conference chair, will add his thoughts on general fleet trends and how they relate to today’s car rental market.
4 Global Trends in Carsharing for 2025 - Rental Operations - Auto ...
Jan 8, 2025 · “For 2025, we are expecting strong influences on the car sharing industry from macro-economic developments, a struggling automotive industry, and a growing regulatory force for sustainable mobility”, said Bharath Devanathan, chief business officer at Invers, in a …
Articles - Auto Rental News
Operator Outlook: 2024 Fleet Volume Varies as Fleet Cycling Eases, Operator Outlook: Rental Fleet Vehicle Market Improves, Business Truths That Never Expire, Electric Vehicles Still Destined to Succeed , Car Rental Is Still a People Business, Rental Car Tech Trends for 2025, Rental Car Industry Trends Ahead for 2025