Mexican car rental agency Car Rentals said Monday that it has been selling cars in the U.S. since 2005, but that it recently stopped its car rental business in the United States, citing “current business restrictions” in the country.
The company said that it plans to open an office in Mexico next year, but did not give a specific location.
Car Rentings, which operates in three states, said it will not carry any U.K.-based cars.
The U. S. and other countries have been a popular destination for car rental companies in recent years, and they have been growing in popularity in Mexico, which has been growing at a faster rate than many other Latin American nations.
Mexico, the second-largest country in the world, has been in recession for years, with many Mexicans struggling to find work and families struggling to afford food and other basic necessities.
Mexico is not the only country with a booming car rental industry, with others including Brazil, Colombia, Mexico City and Argentina.
The number of car rental properties in Mexico has grown more than 20 percent from 2011 to 2016, according to a report from the Center for Automotive Research.
In 2016, Car Renters was the second largest car rental company in the Latin American country, after its partner Caravan.
Car rental companies are often seen as the best way to find affordable cars for drivers who can’t afford them in the developed world. In the U