Imagine the Possibilities

It’s going to be a tough winter. The best we can say about the wholesale market is that prices “aren’t falling as fast.” There are deals to be had on new cars, if only operators could get rid of their cars sitting at auction that are tying up their credit lines. And we’re all waiting to see what happens with the auto industry bailout. A Big Three bankruptcy would be a major problem for the industry, at least in the short term, as banks won’t be willing to extend credit to buy those cars.

If you listened to any of the testimony over the auto bailout, you heard our legislators talk about the manufacturers, the dealers, the suppliers and the consumer. The dealer councils had opinions solicited by Congress and the consumers were surveyed about whether they would buy a car from a manufacturer if they filed for bankruptcy. Congress spoke about the impact of jobs on the suppliers to the manufacturing industry. But you didn’t hear a single comment about the largest purchaser of American manufactured cars — the American car rental industry. Not once, not a single word was whispered about our industry and all of its employees, vendors and suppliers who rely on the industry for survival.

These recent problems come on top of continuing issues that our industry faces. We continue to be the only major travel segment that does not require a credit card deposit to guarantee our service. We continue to see inconsistencies in total charges online for the same rate. We continue to see predatory excise taxes heaped on our customers for projects that have nothing to do with car rental.

This industry generates close to $22 billion in revenue. If car rental customers pay 20 percent tax (a conservative figure), then the car rental industry collected more than $4 billion in taxes for various government agencies. It’s hard to imagine a group with that size having no seat at the table and no voice when it comes making the decisions that are going to shape our future. Yet that’s where we are today.

CONTINUED:  Imagine the Possibilities
« Previous  |  1  2  |  Next »

Comment On This Story

Name:  
Email:  
Comment: (Max. 10000 characters)  
Please leave blank:
* Please note that every comment is moderated.

 
 

Newsletter: Sign up to receive latest news, articles, and much more.

Read the latest

Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

Trump and Regulations: An Alt-Fuel View

With 2025 emissions targets back in review, manufacturers, alt-fuel, and alt-power suppliers weigh in on the potential impacts of Trump’s initiatives.

Why GM’s Telematics Announcement is a Really Big Deal

Enabling a telematics connection at the factory — and not through an aftermarket hardware installation — is a game changer for fleets.

Four Thoughts From the 2016 Conference Calls

Sifting through the notes of Avis Budget Group’s and Hertz Global Holdings’ recent fourth quarter conference calls give us some trend lines to watch out for in 2017. (Of course, this gives us an incomplete snapshot, as Enterprise Holdings is privately held.)

Job Finder: Access Top Talent. Fill Key Positions.

>