Growth of tourism in the country have led to an increase in the growth of the Mexico car rental market

 


Mexico Car Rental is said to be one of the largest and fast-growing markets in Latin America. Mexico is a great place to visit and has a lot to offer tourists. The Mexican car rental industry is estimated to generate US$ 1,626 Mn in value by the end of2019. According to a recent estimate, the car rental Mexico market will expand at a compounded annual growth rate of approximately 5% through either private passenger and taxi fleets, or public transport vehicles.

Mexico's SIX-LEX Capital is an important international airport and one of the busiest airports in all of Latin America. This is the major Mexico City airport and it was rated as the world's third busiest international airport by theirloom airlines. Mexico Car Rental growth in Mexico City is led by the growth of the film and TV industry in Mexico and the growth of tourism in the city. Many celebrities are spotted on the ramps of the airport as they arrive in Mexico and many foreign visitors rent cars while en route to Mexico City. There are plenty of foreign vehicle rentals in Mexico City for tourists.

Another advantage of renting a car in Mexico is that there are no personal taxation or vehicle registration fees when you rent a vehicle. Taxes are added to the cost of a rental vehicle in Mexico when you use Mexico Car Rental facilities and these taxes can prove to be costly. For this reason, many people who visit Mexico to take advantage of tax-free travel options offered by hotels and other vacation rental companies. Taxes are also charged by ride-hailing companies and taxi drivers. Mexico Car Rental rates are also considerably cheaper than those charged in the United States. In fact, many tourists who use Mexico Car Rental facilities in Tijuana find that their trip is far less expensive than if they had bought a car in the United States.

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