How Much Are Cars Worth?
The cost of car ownership is the most expensive factor influencing the choice of car rental.
A recent study conducted by researchers at the University of Washington and Carnegie Mellon University found that the average car rental price in the United States has increased nearly 20% from 2013 to 2018, as new vehicles and new models have become more affordable to the average consumer.
The authors found that rental car prices also increased by about 18% over the same time period, as well as the amount of money that rental cars were able to earn from the sale of those cars.
The study found that car rentals in the U.S. cost $12,300 per year on average for a one-bedroom apartment.
The average car in this market, meanwhile, averages $27,000, according to the study.
Rentals have grown more expensive in recent years, as a result of higher fuel prices, as cars have become larger, and newer models have been released.
This year alone, rental car purchases in the country increased by more than 15% to $12.4 billion, according a recent report from Rentrak.
Some states, including California, New York, and Texas, are now seeing an increase in car rental prices as a direct result of fuel costs.
The cost to rent a new car in California has risen by 20% since the start of 2018, according the report.
While rental prices have increased, the percentage of households that own a vehicle has also grown over the last five years, according Rentrak data.
While this has driven up the price of rental cars, it has also led to a decline in the number of renters, as rental car owners have had to drive farther distances to get a car, and now have to travel more, according Airbnb.
While the average rental car rental is now around $2,200, the average price paid by renters in the study is $1,100, which is significantly less than the average cost of owning a car.
Rentrak said the study also found that renters were willing to pay higher rent in exchange for being able to park their car in their driveway.
Renters in the rental market were willing for this price, and the researchers say that this is due to a lack of awareness in the industry of the potential savings in car costs.