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The rental car market is growing, and Turo is a clear leader in the industry. The platform has more than 3.5 million active renters, but it has only 165,000 car hosts.
Turo Inc. is an American peer-to-peer carsharing company based in San Francisco, in the United States.The company allows private car owners to rent out their vehicles via an online and mobile interface in four countries (the United States, Canada, United Kingdom, and Australia) [4] and new corporate owners to rent out their cars in France in addition to the four previous countries.
Turo’s business grew rapidly in the wake of the pandemic – as travelers began getting back on roads, but didn’t want to pay high prices from traditional rental car companies.
Turo operates like traditional rental car operators, but its asset-light business model is the main differentiator. There are no physical rental locations or even kiosks where people rent vehicles.
Users get easy access to short-term rentals, while owners can rent out their vehicles as a side hustle or even a full-time business. Compared with conventional car rental companies, Turo can ...
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Turo is similar to short-term vacation rentals, but instead of homes, Turo rents vehicles. The platform differs from standard rental car companies in that the vehicles rented to drivers are owned ...
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