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Instability in Brazilian economic is hindering the Brazil vehicle rental market growth scrutinized in new research

Automotive and Transportation Market Research

The growing concern and awareness of lower emissions have mostly led to the increase in vehicle rental options, where car rental and carpooling significantly help reduce the number of cars on the road. Brazil has been witnessing an increase in tourism, resulting in the growth of the car rental market.

The passenger cars and light commercial vehicles occupy the major chunk of the rental market. Also, car rental also provides the option of increased mobility without paying the costs associated with car ownership.