The auto rental business is booming in Florida, and with it comes an increasing demand for new cars, according to a report from Carrents.com.
The online rental marketplace has recorded a 1,300 percent increase in the number of car rentals since August, and has seen more than 1.6 million vehicles booked.
However, the company said it has not had an increase in rental demand since it launched in the state in December 2015.
“Florida’s economy is experiencing a great growth period, which is helping to drive up rental demand,” Carrent.com CEO Mike Lattin said in a statement.
“Our data shows that the rental market is expanding in a big way, as more consumers are looking for affordable vehicles.”
Carrents is the largest auto rental company in the United States, and it operates more than 3,000 rental properties in the Sunshine State.
In Florida, the number one demand for car rentals is to rent out an SUV or minivan, according the report.
The average rental cost in the past year has been $2,400, according Carrent, which includes all car rental costs, such as financing, lease payments, insurance and title fees.
For new car buyers, car rental is also a great option to save on gas.
According to the report, the average gas cost of a rental vehicle in the last year was $2.39 a gallon.