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Showing posts from August 11, 2022

The Car Rental Industry

 Market Overview The vehicle rental industry is an extravagant area of the US economy. The US portion of the business midpoints about $18.5 billion in income a year. Today, there are roughly 1.9 million rental vehicles that assistance the US fragment of the market. What's more, there are numerous rental offices other than the business chiefs that partition the all out income, in particular Dollar Thrifty, Budget and Vanguard. Dissimilar to other mature help enterprises, the rental vehicle industry is exceptionally merged which normally puts likely new comers in a difficult spot since they face high information costs with diminished plausibility of economies of scale. Besides, the vast majority of the benefit is created by a couple of firms including Enterprise, Hertz and Avis. For the financial year of 2004, Enterprise created $7.4 billion in complete income. Hertz came in second situation with about $5.2 billion and Avis with $2.97 in income. Level of Integration The rental vehicl