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De Shon came up as an operations guy. Perhaps that mindset, whether moving airplanes or rental fleets as efficiently as possible, is what ultimately led him to lead the charge as Avis's first “mobility CEO.”
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On its first quarter conference call, Hertz was candid about the impact of Uber and Lyft — as well as the unrealized revenue potential.
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One, the method in which operators put renters into cars is becoming more fluid and varied; the second: “The days of 60% utilization are over.”
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Sales into rental fleets are up in the first quarter, while residual values are softening. Are higher fleet costs and over fleeting on the horizon?
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Where is car rental headed with initiatives surrounding Mobility as a Service offerings, fleet management of autonomous vehicles, subscription services, and a rental fleet that connects it all?
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A new group of fleet owners has emerged to supply peer-to-peer platforms. They’re getting together, learning fast, and hungry for resources. They’re not going away.
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“Disengagement reports” reveal how many times a human driver had to take control of a driverless car in testing in California. A few well-publicized autonomous players lagged far behind.
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The money for the 2019 Atlanta Jazz Festival is appropriated from a car rental tax under the premise of “a downturn in the economy” and a decrease in sponsorships, though neither seems to be the case.
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While the U.S. car rental market hit a new revenue record of $30 billion in 2018, there are a few items on the industry’s “to-do list” to best position itself for the future of transportation.
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From bypassing the rental counter to new ancillary sales opportunities, a completely connected rental fleet will transform the traditional rental model. And it can’t come soon enough.
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Let’s take a moment to reflect on the long path to the passage of the car rental excise tax amendment in the FAA reauthorization.
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With cities constricting parking and now charging for use of loading zones — while fewer spaces are being built overall — fleet operators must view parking as dynamic to alleviate rising costs.
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