Fox Rent A Car's fleet size in the US stood at approximately 24.77 thousand vehicles in 2023. Observing year-on-year variations and CAGRs, we can identify significant trends. The fleet saw consistent growth from 2013 to 2019, followed by a sharp decline in 2020 due to market disruptions. Recovery began in 2021 with substantial growth continuing into 2022 and slight but steady increases through 2023. Over the past five years, the average annual growth rate has been 3.39%.

Future trends to watch for:

Technological advancements in car rentals, including the use of AI and IoT for fleet management.
Shifts towards sustainable practices with increased adoption of electric vehicles.
Market dynamics post-pandemic, including changes in travel behaviors and rental demand.
Economic factors and their impact on consumer spending and travel.