GITNUX MARKETDATA REPORT 2024

Statistics About The Average Turo Income

The average Turo income per day is estimated to be around $100-$200 for most car owners.

Last Updated: June 23, 2024

How we write

In this post, we will explore the various statistics and insights surrounding the average income earned by hosts on Turo, a peer-to-peer car-sharing platform. From the impact of multiple vehicle listings to the influence of professional-quality photos on earnings, we will delve into key factors that contribute to the financial success of Turo hosts. Stay tuned to discover how hosts can maximize their earnings and navigate the dynamic landscape of the sharing economy.

Statistic 1

"Turo takes a 25% share of the rental income to cover insurance and support services."

Statistic 2

"Turo claims that hosts with multiple vehicles can increase their earnings significantly, averaging around $100,000 per year."

Statistic 3

"Around 56% of Turo hosts report that their Turo income covers at least half of their car payment."

Statistic 4

"The average booking frequency for active Turo listings is around 10 days per month."

Statistic 5

"On average, Turo listings with professional-quality photos earn 20% more."

Statistic 6

"The average daily rate for a car on Turo ranges between $50 and $70."

Statistic 7

"Luxury car owners on Turo can make over $31,000 annually by renting out their vehicle."

Statistic 8

"Peer-to-peer car sharing through Turo is growing by 30% annually."

Statistic 9

"The average Turo host in the U.S. earns approximately $10,516 per year."

Statistic 10

"On Turo, SUVs and trucks average a higher income than sedans and compact cars."

Statistic 11

"The top 10% of Turo hosts earn more than $12,350 over six months."

Statistic 12

"Hosts with a response time of under an hour see a 25% increase in rental requests."

Statistic 13

"Turo's income from electric vehicles has grown significantly, with an average income increase of 20% year over year."

Statistic 14

"Turo reported a year-over-year revenue increase of 56% in its latest financials."

Statistic 15

"Weekends and holiday periods see an average 30% rise in Turo rental income."

Statistic 16

"80% of Turo hosts earn back their earnings within the first year of their listing."

Statistic 17

"Cars rented for long-term bookings (7+ days) on Turo earn an average of 17% more than short-term rentals."

Statistic 18

"Vehicles listed in high-demand cities like Los Angeles and San Francisco tend to earn above the average income."

Statistic 19

"Hosts with excellent reviews can increase their rental price by up to 15%."

Statistic 20

"The average length of a Turo rental is around 4.7 days."

In conclusion, the statistics presented on Turo income highlight the potential for hosts to earn a substantial income through car sharing. Hosts can maximize their earnings by leveraging multiple vehicles, professional-quality photos, and high-demand cities. Factors such as response time, rental duration, and vehicle type also play significant roles in income generation. The data indicates a promising financial opportunity for Turo hosts, with the platform’s growth and increasing revenue reflecting a positive trend in the peer-to-peer car sharing industry.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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