In the fiscal year of 2020, Hertz Global Holdings Inc.'s U.S. car rental segment had almost ******* vehicles in its fleet. U.S. car rental transaction days nosedived in the second quarter of 2020 due to travel restrictions amid the coronavirus pandemic, and the pandemic's impact on airports in the United States. Hertz files for bankruptcy
Business and vacation travel restrictions paralysed rental car demand. In order to maintain cash flow, companies felt obliged to sell much of their vehicle fleet. Once among the leading U.S. rental car companies, Hertz was particularly affected, and the business filed for Chapter 11 of the U.S. Bankruptcy Code in in May 2020. Part of bankruptcy proceedings, Hertz was instructed to reduce its fleet by roughly ******* cars. The large influx of cars into the used vehicle market could push down prices. Used car sales fared better than the new vehicle industry in the wake of the pandemic. The rental industry is one of the biggest customers of new vehicles in the U.S. As a result, its loss of business is crudely noticeable.

Introduction

Car Rental Statistics: Throughout the year 2024, the car rental industry has been evolving. This means that it has grown as an important part of the global travel and transport system. The car rental industry is in a recognised period of significant evolution as technological advancements the rising importance of sustainable practices, and enhanced customer experience adaptation have started making ways towards its fold.

This article will look into the latest car rental statistics, trends, and insights about the car rental industry this year.

When it comes to share of people using Hertz as car rental company in the United States, ** percent of 18 - 29 year olds do so in the U.S. This is according to exclusive insights from the Consumer Insights Global survey which shows that ** percent of 30 - 49 year old consumers also fall into this category.Statista Consumer Insights offer you all results of our exclusive Statista surveys, based on more than ********* interviews.

Between April and June 2020, Hertz Global Holdings Inc. reported that the number of revenue generating days in its U.S. car rental segment was down 68 percent year-on-year. The rental car business was hit hard by the coronavirus outbreak in the United States in 2020. Utilization of the 502,763 vehicles in Hertz Global Holdings Inc.'s U.S. fleet fell from 82 percent in the 2019 second quarter to just 28 percent in the quarter ended June 30, 2020.

In the fiscal year of 2020, Hertz Global Holdings reported that the number of revenue generating days in its international car rental segment was down *** percent year-on-year. Hertz had around ******* vehicles in its international rental car fleet in 2020.

Financial overview and grant giving statistics of Hertz Family Foundation

Download Free Sample
The car leasing market is expected to grow at a CAGR of 15% during the forecast period. Rising technological obsolescence of older cars, drivers.2, and drivers.3 are some of the significant factors fueling car leasing market growth.

Rising technological obsolescence of older cars

Number of Businesses statistics on the Car Rental industry in the US

In the fiscal year of 2020, Hertz Global Holdings Inc.'s international car rental segment had some ******* vehicles in its fleet. This figure decreased from about ******* vehicles reported in the first quarter of 2020.

Graph and download economic data for Producer Price Index by Industry: Travel Agencies: Hotel and Car Rental Bookings (PCU561510561510211) from Dec 1989 to May 2025 about hotel, agency, travel, rent, vehicles, PPI, industry, inflation, price index, indexes, price, and USA.

The dataset contains the number of companies registered for the rental of motor vehicles and the number of rental cars during the specified period.

Market Size statistics on the Car Rental industry in the US

Financial overview and grant giving statistics of Lewis Hertz Foundation Co Sidney L Felker

Hertz experiences $2.9 billion loss in 2024 due to failed electric vehicle strategy, prompting a shift to align fleet with consumer preferences and lower costs.

Between April and June 2020, Hertz Global Holdings Inc. generated around *** million U.S. dollars in revenue from its international vehicle rental segment. Vehicle utilization in this segment fell to ** percent in the first quarter of 2020.

Graph and download economic data for Producer Price Index by Industry: Passenger Car Rental: Standard Passenger Car Rental (PCU5321115321112) from Dec 1991 to May 2025 about passenger, rent, vehicles, PPI, industry, inflation, price index, indexes, price, and USA.

Financial overview and grant giving statistics of Fannie and John Hertz Foundation

Turkey Credit Card Transaction: Volume: Car Rental, Sales, Service, Parts data was reported at 9,612,237.000 Unit in Jun 2018. This records an increase from the previous number of 8,297,481.000 Unit for Mar 2018. Turkey Credit Card Transaction: Volume: Car Rental, Sales, Service, Parts data is updated quarterly, averaging 6,329,784.000 Unit from Mar 2003 (Median) to Jun 2018, with 62 observations. The data reached an all-time high of 9,776,157.000 Unit in Sep 2017 and a record low of 1,877,316.000 Unit in Mar 2003. Turkey Credit Card Transaction: Volume: Car Rental, Sales, Service, Parts data remains active status in CEIC and is reported by The Interbank Card Center. The data is categorized under Global Database’s Turkey – Table TR.KA012: Credit and Debit Cards Statistics.

Turkey Debit Card Transaction: Volume: Car Rental data was reported at 205,284.000 Unit in Sep 2018. This records an increase from the previous number of 181,311.000 Unit for Jun 2018. Turkey Debit Card Transaction: Volume: Car Rental data is updated quarterly, averaging 8,339.000 Unit from Mar 2003 (Median) to Sep 2018, with 63 observations. The data reached an all-time high of 205,284.000 Unit in Sep 2018 and a record low of 189.000 Unit in Mar 2003. Turkey Debit Card Transaction: Volume: Car Rental data remains active status in CEIC and is reported by The Interbank Card Center. The data is categorized under Global Database’s Turkey – Table TR.KA012: Credit and Debit Cards Statistics.

Graph and download economic data for Producer Price Index by Industry: Passenger Car Rental: Primary Services (PCU532111532111P) from Dec 1991 to May 2025 about primary, rent, vehicles, services, PPI, industry, inflation, price index, indexes, price, and USA.