Amex GBT expects relatively modest rate growth in North America because vehicle availability has improved and economic growth remains restrained.
Auto Rental News
THE NEWS:
Business‑travel car‑rental rates in the United States and Canada are forecast to rise between 1.5% and 2% in 2026‑27, according to the latest Ground Monitor report from American Express Global Business Travel.
DETAILS:
WHY IT MATTERS:
The modest increase suggests that, despite tighter economic conditions, improved fleet availability is tempering price pressure, giving corporate travel managers more predictable budgeting while rental firms benefit from a better supply‑demand balance.
FAQ
What is the projected increase in business‑travel car‑rental rates in the US and Canada for 2026‑27?
The forecast calls for rates to climb between 1.5% and 2% during 2026‑27, based on American Express Global Business Travel’s Ground Monitor report that analyses car‑rental activity in its corporate programmes. This estimate reflects expectations for business‑travel customers rather than all rental users.
Why does American Express Global Business Travel expect only modest rate growth?
Amex GBT says vehicle availability has improved and overall economic growth remains restrained, which together limit upward pressure on prices for business‑travel rentals in North America. As fleets are rebuilt and supply aligns with demand, rental firms can keep rates relatively stable.
Does the forecast apply to the leisure and retail car‑rental market?
No. The projection is derived solely from rental activity within Amex GBT’s corporate travel programmes and is not intended to represent the broader leisure or retail rental segment. Therefore, it should not be taken as a forecast for consumer‑driven car‑rental pricing.
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