Car rental companies have become the dominant vehicle of choice for the wealthy in America, but they’re not the only ones.
The business model that drives them is a complicated mix of economics, politics and ideology.
The car rental industry is a business that operates through multiple layers of intermediaries, some of which are run by large corporations, some are run for profit and some are privately owned.
This article will describe the history of car rental in the United States and discuss how the business is evolving.
Car rental business in the U.S. When car rental was first introduced in the early 20th century, the industry was still a fledgling and untested one.
The first car rental company in the nation was The CarRentals, which opened in 1912 in New York City.
It was based on the premise that renting a car would be cheaper than paying a landlord for a home.
By the end of the century, however, car rental companies had grown to include hundreds of thousands of vehicles.
Over time, as car rental demand grew, the number of rental companies expanded.
Today, the car rental business employs some 2.5 million people, making it the second-largest occupation in the country after construction workers.
In the past few years, however a growing number of Americans have started to use their cars for transportation instead of living in them.
One of the main drivers behind the shift in car rental is the changing economy.
“The cars are a convenient way to move around,” said Michael Gartenberg, CEO of the National Car Rental Association.
“And they’re cheaper than renting.”
The shift has been happening for a long time.
According to the Bureau of Labor Statistics, car rentals in the 1980s were at their peak.
Now, the cars are on their way out, with the advent of self-driving cars.
A study from the National Academies of Sciences, Engineering, and Medicine found that by 2025, the total number of self driving vehicles on the road will reach approximately 17 million.
As a result, the demand for car rentals is expected to increase.
“Over the next 15 years, rental car demand will be expected to rise from a level comparable to that of construction in the mid-20th century,” the report said.
According to the Brookings Institution, the annual rental rate for a rental car has increased from $3,500 to $15,000 in just five years.
While car rental prices are still relatively high, the average rental price in 2016 was $2,800.
Some people argue that car rental rental companies are more profitable than they were 20 years ago.
There’s been a surge in popularity among wealthy families and businesses.
It’s not just that car rentals are cheaper.
It’s that people are buying them.
In a 2015 survey by Experian, a financial services company, almost half of the respondents said they would consider renting a vehicle.
Even though many people think renting a new car is cheaper than owning one, they don’t realize how much more it can cost to own a car.
And the biggest obstacle to rental car ownership is the high cost of financing, which ranges from a couple hundred thousand dollars for a brand-new model to several million dollars for an older model.
More and more, car renters are turning to online rental companies to find the car they want.
That’s one of the reasons why car rental rates have continued to increase over the past five years, according to Gartenburg.
“The trend has been exponential,” he said.
“If you look at the trends in other industries, there’s been an increase in car rentals.
This is a major growth driver.”
There are several reasons why renting a used car is getting cheaper.
First, the economy has changed.
The automobile has become a more popular transportation choice than ever before.
According a recent report by the National Association of Manufacturers, the use of the car in the US increased by 23.5 percent in the second quarter of 2017 compared to the same period last year.
Second, car prices have gone up.
According the Bureau in 2015, the price of a used model dropped from $17,400 to $13,400, while a new model dropped to $16,000.
Third, some people are opting for car rental over owning a home in an effort to save money.
According an Associated Press article, “Car rentals have been growing for at least 10 years, but some people may not want to buy a home.”
And lastly, car ownership itself has been declining.
According on the American Community Survey, the median age of a homeowner dropped from 45 to 44 in the last decade.
So far, the shift away from car ownership has been most visible among millennials.
This has been the case for decades, according an