The fleet size of ACE Rent A Car in the US has shown fluctuating trends over the years, with values swinging significantly. From a high of 13,000 units in 2014 to experiencing a substantial drop during the COVID-19 pandemic in 2020, the fleet has since been on a steady recovery trajectory. In 2023, the fleet size stood at 12.68 thousand units, demonstrating a partial recovery. The year-on-year variations generally show modest increases and occasional drops, indicating volatility in the market. The average annual growth rate (CAGR) over the last five years ending in 2023 is 0.97%, reflecting moderate growth.
Future trends to watch for:
- Expected steady growth from 2024 to 2028, projected to achieve a CAGR of 0.76% over the next five years.
- Potential market shifts due to economic factors, technological advances, and shifts in consumer behavior towards car rental versus ride-sharing services.
