Vehicle renting grows in Latin America as companies shift from traditional fleet purchases

Vehicle renting is seeing significant growth across Latin America as companies increasingly favor it over traditional fleet purchases. According to Global Fleet Survey data, 77% of companies in the region now prefer this modality for managing their vehicle fleets.

This expansion is particularly notable in Brazil, Mexico, and Chile, where businesses are moving toward more organized fleet management schemes. However, the rise in renting has introduced challenges regarding asset security. In Costa Rica, the Organismo de Investigación Judicial reported 4,714 vehicle thefts in 2025, averaging one theft every hour and 52 minutes.

To address these risks, companies are turning to technological monitoring. Detektor, which operates in nine Latin American countries, is positioning GPS platforms and radio frequency backup technology as essential tools for maintaining profitability and security in the renting sector.