With nearly 300 registered attendees, the 2015 Auto Rental Summit showcased a keynote by Tom Webb, a visit to a Manheim auction and a presentation by Facebook.
by Staff
November 11, 2015
The delegation of 23 rental car executives from Brazil pictured with Chris Brown, executive editor of Auto Rental News. Photo by Amy Winter-Hercher.
2 min to read
The delegation of 23 rental car executives from Brazil pictured with Chris Brown, executive editor of Auto Rental News. Photo by Amy Winter-Hercher.
The 2015 Auto Rental Summit convened this week at the Seminole Hard Rock Hotel & Casino in Hollywood, Fla., with a record turnout of car rental managers, executives and employees from corporate, franchised and independent companies.
With nearly 300 registered attendees, Auto Rental Summit welcomed car rental operators and vendors from 14 countries, including the United Kingdom, Netherlands, Canada, Estonia, Cyprus and Costa Rica, as well as a delegation of 23 executives from Brazil.
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Tom Webb of Manheim presenting the opening keynote address. Photo by Amy Winter-Hercher.
Tom Webb, chief economist for Manheim, delivered the keynote address. Webb presented a glimpse into the future based on the current economy and market conditions. Webb pointed to a generally positive job market, though one that has produced only 142,000 more full-time jobs than before the Recession.
Webb expects modest revenue growth this year for the car rental industry, along with higher depreciation costs driven by a growth in wholesale supply. Used car values won’t collapse, Webb said, given the robust level of retail demand and dealer profits.
This year, seminars were designed specifically for the Brazilian delegation, Latin American attendees and franchised auto dealers as part of the Auto Dealer Day programming block.
In an Auto Rental Summit first, Jason Fialkov, a Facebook client partner, showed attendees the cutting-edge tools Facebook offers to help small car rental businesses better connect with potential customers.
The event offered several opportunities for attendees to network with various vendors in the exhibit hall. Photo by Joseph Cancellare.
In another first, the Manheim Fort Lauderdale auto auction designed and conducted a tour especially for Auto Rental Summit attendees. The tour included a visit to the sales lanes, technology center, vehicle inspection areas and reconditioning facilities, and attendees witnessed a demonstration of the writing of a condition report.
The Manheim Fort Lauderdale auction visit included a presentation on how to recondition a vehicle to get it ready for auction day. Photo by Amy Winter-Hercher.
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The combination brings actionable vehicle insights into PurCo’s PurInspect platform, improving damage detection and operational efficiency for rental fleets.
LOR related to insurance claims overall continues to trend downward, but ongoing market and economic conditions could affect future results while the industry deals with staffing and productivity challenges.
West Coast disasters pose unique challenges and liabilities for rental fleet operators, who are advised to take steps tailored to their specific situations.
Angry car renters are storming social media, the mainstream media, and online ratings platforms to complain about charges they claim are either unfounded or excessive.
