Car Hire Companies in the US
The car rental industry in the United States has continued to witness an expansion in recent times amounting to a whopping $54.2 Billion USD as its market size value. According to research, a total sum of 29.2 million cars was rented in the United States alone in the year 2021. Aside from that, taking the evaluation lens away from the United States, research also reveals that the global car hiring market is projected to rise at a CAGR (compound annual growth rate) of 7.5 through 2029. As a result of this expansion and market saturation, determining the car hire company offering the best service could be relatively difficult, however, we have got you cover and would take care of that difficulty in this piece. It is believed that after reading this article, you would be able to determine what car rental company most suits your needs and specification. This article tends to avail you with our top 10 list of car rental companies in the United States. However, it is imperative to note that our ranking metrics are based on the following: a total number of cars in service across the United States, estimated gross revenue acquired in the previous year (2021), and overall market reach – the total number of locates.
United State Car Rental Industry Key Facts
Market Size Value: The car rental industry alone records a whopping $54.2 Billion USD as its current market size value
Service Usage: Research proves that a total sum of 29.2 million cars was rented in the United States alone in the year 2021
Global Projection: The global car hiring market is projected to rise at a CAGR (compound annual growth rate) of 7.5 from now through 2029
Car Hire Companies – All You Need to Know
Car hire companies or car rental agencies are firms whose primary operations deals with car renting services, that is, they are firms that rents cars for a relatively short period of time to the general public. In other words, their duty is to provide and avail people of vehicles needed for a temporary period of time. These companies mostly charge per day for using their renting their cars.
Why You Might Need Their Service
Although there is an array of amazing benefits you can enjoy hiring a car that justifies the reason you might be needing the service of car rental companies, however, for the sake of brevity, this section would outline the basic benefits in the succeeding lines.
Lets you have 24/7 breakdown assistance
Avails you the opportunity to select from a pool of a variety
Helps you maintain your budget whilst traveling
Grants your convenience when you are a foreigner
Avails you seamless booking and payment
Lets you experience better performance and safety
Lets you explore
List of Top 10 Car Hire Companies in the US
Following the core part of this piece, this section will enumerate the list of the top 10 car hire companies we have compiled for you. This list will also include key features we consider most valuable for each product ranked, as well as their respective links where you can order their service.
Ranking from least to best our top 10 list includes:
#10. Rent-A-Wreck Car Rental
Ranking as #10 on our list, Rent-A-Wreck was founded in the year 1973 in Los Angeles and was by far one of the oldest car rental companies in the world. The company grew through franchise expansion afterward. The company’s business model deals with buying used cars from private individuals and offering them as rent to people who could not rent from other rental firms either because of their age or bad credit history.
Estimated Gross Revenue (2021): $18 Million USD
Market Reach/ Number of Service Locations: 71
Total Number of cars in Service in the US: 1,750
#9. U-Save Auto Rental System
If you are looking for a car rental service with excellent service and amazing discounts, then U-Save Auto Rental System could be your best bet. Founded in the year 1979 with approximately 43 years of experience, the company prides itself in unequal service delivery and customer support
Estimated Gross Revenue (2021): $22 Million USD
Market Reach/ Number of Service Locations: 124
Total Number of cars in Service in the US: 5, 500
#8. NP Auto Group
Having a keen understanding that excellent customer service is what drives business towards growth and development, NP Auto Group leverage this key philosophy to harness and equip its franchises operating under the umbrella of the company with relevant customer service strategies and mechanisms.
Estimated Gross Revenue (2021): $60 Million USD
Market Reach/ Number of Service Locations: 100
Total Number of cars in Service in the US: 7, 500
#7. ACE Rent A Car
Although sold to Avis Budget Group in the year 2014, nonetheless, the company still maintains the ownership of its brand, property software as well as license systems. Ace Rent A Car was a privately established company founded with the bid to provide car rental services to private individuals at relatively affordable prices.
Estimated Gross Revenue (2021): $73 Million USD
Market Reach/ Number of Service Locations: 60
Total Number of cars in Service in the US: 9, 000
#6. Fox Rent A Car
Originally founded in the year 1989, Fox Rent A Car majorly focus on delivering car rental services to travelers, especially at the airport. Thus, in a bid viewed by that desire, the company’s major locations are in close proximity to airports, and on the off chance that you are a frequent traveler, this car rental company by being a great option for you.
Estimated Gross Revenue (2021): $290 Million USD
Market Reach/ Number of Service Locations: 21
Total Number of cars in Service in the US: 18, 200
#5. Sixt
Having been in existence since World War II and founded in the year 1912, Sixt prides itself to be a multinational company with its apex office situated in Germany. The company extends into the US market in the year 2011, and since then has been exploiting the industry with its excellent products and customer service.
Estimated Gross Revenue (2021): $2.64 Billion USD
Market Reach/ Number of Service Locations: 100
Total Number of cars in Service in the US: 18, 500
#4. Avis Budget Group
Avis has loads of cutting-edge milestones in its archive. The company is the world’s first car rental company to connect car rental with the aviation industry which serves the company’s groundbreaking success. Founded in the year 1953, Avis’ success secret is its ever-increasing desire to challenge and change the status quo of the car rental industry.
Estimated Gross Revenue (2021): $9.313 Billion USD
Market Reach/ Number of Service Locations: 3, 200
Total Number of cars in Service in the US: 350, 000
#3. Hertz Global Holdings, Inc.
Hertz has been around for quite a long period of time now – 1918. The company since its inception has gone through various expansions and changes. Hertz currently runs as a division of many several car rental brands, and it prides itself in its customer service excellence.
Estimated Gross Revenue (2021): $7.3 Billion USD
Market Reach/ Number of Service Locations: 3, 800
Total Number of cars in Service in the US: 430, 000
#2. Independents
Having 42, 000 fleet of cars sprawled across 4, 200 locations in the United States, no doubt Independents has truly lived up to its name “Independent”. The company’s intense market reach and tentacles are one of its top success secrets hence the reason it emerges as our #2 top car hire company with Enterprise being the #1. Additionally, Independent records a whopping 24.7 Billion as its gross revenue in the year 2021 which is by far a great feat for the company.
Estimated Gross Revenue (2021): $24.7 Billion USD
Market Reach/ Number of Service Locations: 4, 200
Total Number of cars in Service in the US: 42, 000
#1. Enterprise Holdings
Ranking as our #1 on this list, Enterprise Holdings is by far a colossus in the car rental industry taking the entire US market with a total sum of 1.1 million cars in service, as high as 6, 000 locations, the highest so far on this list. Although, the company’s estimated revenue in 2021 was a bit lower than that of Independents, nonetheless the company’s market reach and astounding expansion are unequal.
Estimated Gross Revenue (2021): $23.9 Billion USD
Market Reach/ Number of Service Locations: 6, 000
Total Number of cars in Service in the US: 1.1 Million
Conclusion
Ultimately, as aforementioned in the introductory part of this piece, deciding on what type of car hire company to use could be relatively confusing, however, after going through our top ten list above which unveils everything there is to know in detail, including each platform’s respective key metrics and links to help cushion your experience. It is our belief that a critical study of this piece will let you choose the best car rental that suits your needs
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