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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