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U-Haul Holding Company is an American moving truck, trailer, and self-storage rental company, based in Phoenix, Arizona, [1] that has been in operation since 1945. The company was founded by Leonard Shoen and Anna Mary Carty in Ridgefield, Washington, who began it in a garage owned by Carty's family, and expanded it through franchising with gas stations.
UhaulCarShare (formerly "UCarShare") [1] was a for-profit carsharing service offered by U-Haul in nearly 40 cities in the United States until the program was shut down in February 2020 just ahead of the COVID-19 pandemic. [2] Those with a UhaulCarShare membership had use of a car, billable by the hour or by the day.
There is more than 1.9 billion square feet of available self-storage in space in U.S. The six largest publicly traded storage operators (four REITs, and U-Haul) own or operate approximately 18% of self-storage facilities. [7] The global industry was worth 48.02 billion U.S. dollars in 2020. [8]
The dealership makes a small commission on every rental and actually pays U-Haul for the right to rent the equipment. Dealers do not pay U-Haul for the right to rent equipment. The only fee a dealer must pay is a $10.00 per month computer service fee. Also U-Haul pays an average of 22% commission across all product lines.
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He is the president, chairman, and chief executive officer (CEO) of U-Haul Holding Company, the holding company of U-Haul International. His efforts managing U-Haul have been credited with the company's expansion in the self-moving business. [1] As of August 2023, Shoen was estimated to have a net worth of $4.1 billion. [2]
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