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Car Rental Franchises

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The average vehicle brought in $1,060 per month

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The car rental industry made 23.86 billion in revenue last year

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There are 18,293 car rental locations

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Car Rental Franchises Industry Description

Car rental franchises rent cars to customers, most often for people who are traveling, have their cars under repair, or don’t’ drive enough to make it worthwhile to own their own car. Some franchises rent larger vehicles like trucks and vans for moving purposes. Car rentals are relatively stable as there is no ready alternative for people who need to rent vehicles. Additionally, as air travel prices rise, car rentals are a more attractive alternative. The increase of foreign tourists is another factor that should spur growth in the car rental segment moving forward, which means 2014 is a great time to investigate car rental franchises.

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