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Car Rental in New Mexico

Author.Name IBISWorld United States Last Updated: April 2025 NAICS NM53211

Car Rental in New Mexico industry analysis

The Car Rental industry in New Mexico is expected to grow an annualized x.x% to $x.x million over the five years to 2025, while the national industry will likely grow at x.x% during the same period. Industry establishments decreased an annualized -x.x% to xx locations. Industry employment has decreased an annualized -x% to xxx workers, while industry wages have decreased an annualized -x.x% to $x.x million.

Over the five years to 2030, the industry is expected to decline an annualized -x.x% to $x.x million, while the national industry is expected to grow x.x%. Industry establishments are forecast to decline -x.x% to xx locations. Industry employment is expected to stagnate an annualized x% to xxx workers, while industry wages are forecast to decrease -x% to $x.x million.

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About the Car Rental in New Mexico Market Research Report

What’s Included in the Car Rental in New Mexico Market Research Report

Definition of the Car Rental in New Mexico?

Operators rent or lease passenger cars to customers. Car rentals typically last a short time (30 days or fewer) while leasing agreements last longer (12 months or more). This industry excludes the rental or leasing of cars with drivers or trucks.

What’s included in the Car Rental in New Mexico?

The Car Rental in New Mexico includes leisure car rental, business car rental, car leasing and car sharing. Related terms covered in the Car Rental in New Mexico industry report includes the market for car rental services at or near airports, which is made up almost entirely of air travelers and historically is the industry's primary market, a very short-term car rental where customers pay an annual fee plus hourly rental rate to rent cars from specified locations in participating cities, an agreement between car rental companies and airports specifying how many counters a rental company can operate at an airport, the market for car rental services away from airports, usually in cities, suburbs or rural areas, which includes car sharing and insurance replacements and a value car rental companies receive when they sell a rental car back to a car manufacturer or a car wholesaler.

Industry Performance of the Car Rental industry in New Mexico

Benchmark the Car Rental in New Mexico industry performance with all NM county and national performance.

Car Rental in New Mexico

#38 in Highest Revenue 0.3% of state's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Car Rental in the US


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Car Rental industry in New Mexico

See how key industry drivers, such as private investment in residential construction, house price index, net migration, domestic trips by us residents, per capita disposable income and demand from airport operations are impacting Car Rental in New Mexico

New Mexico Economic Indicators

Private Investment in Residential Construction
House Price Index
Net Migration

View more economic information in NM State Economic profile

US Key External Drivers

Domestic trips by US residents
Per capita disposable income
Demand from airport operations

For the full list of industry drivers, see report purchase options.

County Data of the Car Rental industry in New Mexico

Access proprietary data on county in the Car Rental in New Mexico, such as Bernalillo County, Santa Fe County and Doã±a Ana County. Data includes figures on revenue, establishments, employees and wages by counties.

Key Statistics of the Car Rental industry in New Mexico

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Car Rental industry in New Mexico in 2025?

The market size of the Car Rental industry in New Mexico is $207.6m in 2025.

How many businesses are there in the Car Rental industry in New Mexico in 2025?

There are 47 businesses in the Car Rental industry in New Mexico, which has been declining at an average annual rate of -0.8% from 2020 to 2025.

Has the Car Rental industry in New Mexico grown or declined over the past 5 years?

The market size of the Car Rental industry in New Mexico has been growing at an average annual rate of 5.3% from 2020 to 2025.

How many employees in the Car Rental industry in New Mexico in 2025?

There are 375 employees in the Car Rental industry in New Mexico, which has been declining at an average annual rate of -7.0% from 2020 to 2025.