Tijuana’s car rental industry has seen its worst year yet, with prices climbing as much as 10 percent year over year, according to the local housing and rental agency that manages the market.
In a statement, Geico rental agent Francisco Caminado said rental car prices in the city of nearly 40,000 are now at an all-time high.
“It is a matter of life and death for people like me,” Caminados said.
“People who have paid hundreds of dollars to rent a car, they have a problem.
It’s a very dangerous situation.”
Geico and other luxury rental car companies are facing the threat of losing a significant chunk of their profits due to rising rental car costs.
The price of a rental car in Mexico has been on the rise for years, thanks to cheap labor, low car insurance rates and a surge in people seeking to rent.
The latest data, however, shows that rental car rental costs have not only gone up, but they are now a significant portion of a city’s overall income.
The average rent in the country’s second-largest city, Mexico City, is about $1,000 a month, and a single car costs about $9,000 in the state of Baja California.
The national average is about 25 percent.
The rental industry is also suffering from the effects of the recent wave of immigrants.
While Mexico City is one of the most immigrant-friendly cities in the world, the trend has hit the rental car industry hard.
The number of people coming to the country each year has increased by about 50 percent over the past five years.
The rental industry, however is facing a shortage of rental cars, which are a key component of the industry.
The city has a rental shortage that is increasing every year, and this year the number of rental car rentals in Mexico is almost at 50,000, Caminadas said.
As the economy has taken a back seat, many of the people looking to rent have been forced to find other ways to make ends meet.
One of the many new drivers that are filling the market, said Ricardo Lopez, an analyst at research firm IHS Global Insight, is a recent college graduate who is trying to find work while attending university.
He said he is finding that his salary, while good, is not enough to cover his rent.
“I am paying my rent and living on campus,” he said.
For Caminades, the rental cars are the biggest issue.
“They are the problem,” he told the Times.
“We need to fix them.”