Report U.S. Car Rental COVID-19 Update (April 2020)

U.S. Car Rental COVID-19 Update (April 2020)

Published:
April 2020
Research Type:
Article
Figures:
3
Segment:
Car Rental & Ground Transportation
Region:
U.S. & Canada
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Summary

Buoyed by the strong economy, the U.S. car rental market performed well in 2019, and the segment was expecting just a slight slowdown in 2020 due to recessionary fears and pressure from competitive forces. Now, with the public health crisis resulting in 90% fewer people flying in the U.S., the demand for vehicle rentals has plunged. This analysis summarizes some of the key information and data points regarding the impact of the coronavirus epidemic on the U.S. car rental segment to date.

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Analysts
Lorraine Sileo
Lorraine Sileo