The rental car fleet size of Avis Budget Group in the US saw significant fluctuations from 2013 to 2023, with a notable dip in 2020 due to the pandemic. However, it rebounded strongly to stand at 444.08 thousand units in 2023. The fleet size showed year-on-year growth, particularly after the COVID-19 impact, with a 13.62% increase in 2022 and a 2.17% increase in 2023. The five-year CAGR leading up to 2023 was 2.37%, demonstrating a steady but moderate growth trajectory.

Future trends to watch for:

Continued growth in fleet size, albeit at a moderate pace, with a forecasted five-year CAGR of 1.69% and an overall growth rate of 8.72% by 2028.
Potential impacts of electric vehicle adoption on fleet composition.
Technological advancements in fleet management and customer service.
Shifts in travel and rental car demand post-pandemic.