North America Luxury Car Leasing Market By Product Type (Short-Term Rental, Long-Term Rental, Finance Leasing), Application (Airport, Off-Airport), Country (U.S., Canada, Mexico) - Industry Trends and Forecast to 2026
Luxury car leasing is an attractive way of financing the desired models of car at affordable price basis. The leasing of luxury cars has now become a popular alternative to buying as the desired cars can be made available on a low initial deposit. Car rental is the use of cars at an assessed amount of money for a fixed period of time. Luxury car rentals helps in providing mobility solutions for both, leisure and business travellers.
North America luxury car leasing market is projected to register a healthy CAGR in the forecast period of 2019 to 2026.
Segmentation: North America Luxury Car Leasing Market
North America luxury car leasing market is segmented into two notable segments which are product type and application:
- On the basis of product type, the market is segmented into short-term rental, long-term rental, and finance leasing
- On the basis of application, the market is segmented into airport and off-airport
Competitive Analysis: North America Luxury Car Leasing Market
Some of the major players operating in this market are Sixt, The Hertz Corporation, Avis Budget Group, Enterprise Holdings Inc., Europcar Mobility Group, ALD S.A., Localiza, LeasePlan, German Rent A Car, ANI Technologies Pvt. Ltd. (Ola), Movida Car Rental, Car Inc, Fox Rent A Car, Uber Technologies, Inc., Unidas, among others.
- In April 2019, Avis Budget Group, Inc, a global provider of mobility solutions through its Avis brand, announced the expansion of its services at Paine Field Airport in Washington. Most of the car rental services of the company are in Europe, North America and Australasia.
- In May 2019, Uber Technologies Inc. launched Uber Movement in Florida, Miami, Orlando and Tampa. The tool will help the users to utilize anonymous data from uber and help urban planners to take significant decisions.
Research Methodology: North America Luxury Car Leasing Market
Primary Respondents: key industry participants, subject-matter experts (SMEs), C-level executives of key market players, Market Intelligence Managers, National Sales Managers and industry consultants.