5 Surprising Facts About the Car Rental Industry

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5 Surprising Facts About the Car Rental Industry

Highway Bakkie Hire share car rental facts

Do you regularly rent a car when you go on vacation?

If yes, you may be interested in finding out about the 5 aspects of car rental that most rental companies don’t want you to know about. Here at Highway Bakkie Hire, we are transparent in our policies and committed to offering all of our customers the best possible service, whatever their budget.

5 Facts About Car Rental You Won’t Believe

Renting a car should be a simple and straightforward process. Unfortunately, this is not always the case.
Keep reading to find out 5 surprising facts about the car rental industry that promises to revolutionise the way you go about renting a car.

1. There Isn’t A Lot Of Competition

While many believe there to be hundreds of different car rental companies to choose from, there are actually only a few big names that own several car rental companies. This means that there is actually a lot less competition than you may have previously thought, which means less savings for customers.

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2. The Car Rental Industry Is Over A Century Old

The rental car industry has been going for over 100 years, with Hertz rental car founded way back in 1918. Even further than that, a Germany company Sixt was established in 1912 with just three cars available for rent. Today, the global car rental industry is worth a whopping $92.92 billion.

3. Car Rental Companies Sell Cars Too

If you think that car rental companies only rent cars, then you should know that they actually sell a lot too.
In fact, as a general rule, car rental companies buy a large proportion of their vehicles subject to repurchase or depreciation programs.

4. Car Rental Companies Charge More At The Airport

Although this is not the case across the board, many major car rental companies are known for hiking up their fees when cars are rented at the airport. This increase in price is predominantly due to a higher demand as car rental companies know that holidaymakers need a car.

5. The Four Major Car Rental Companies Buy 2 Million Cars Per Year

Enterprise Rent-A-Car is the largest car rental company in the world, both in terms of market share and growth.
According to Fortune Magazine, the combined Rent-A-Car companies buy a whopping two million new cars every year.

Rent a Car with Complete Peace of Mind with Highway Bakkie Hire

No hidden fees. No nasty surprises. Just 100% transparency. Rent a car for your next vacation or trip with us and enjoy low prices and high-quality service.

Get in touch here for more information or to secure your next rental.

Now Read: 5 Benefits of Long-Term Car Rental