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While app-based and contactless rentals have increased during this pandemic, your customers still want and need to engage at your location. How well you interact sets your business apart.
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From increased rental deliveries and CDC-level germ eradication standards to a newfound connection with customers, car rental won’t be the same “After Coronavirus.”
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In Brazil, the local vehicle leasing business has dropped by 25%, while the Brazilian car rental industry has taken a 90% hit.
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Rate Gain analyzed rate data from over 28 U.S. markets pre-coronavirus pandemic (Jan 1 to Feb. 28) and after onset of the pandemic (March 1 to April 30). Remarkably, some markets have shown an overall gain, in the early days of the pandemic at least.
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With the Coronavirus pandemic causing a halt in travel, hundreds of unused rental vehicles are parked at several lots around Phoenix. Springtime is usually a busy tourist season for Arizona.
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While inter-city bookings have suffered, intra-city car rentals have remained stable, as many are choosing to rent cars in lieu of using public transportation.
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Brazil’s car rental industry grew to a record number of daily rentals in 2019, driven by rentals to drivers for transportation network companies (TNCs).
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The annual Fact Book contains data and analysis on the U.S. car rental market as well as directories for car rental companies, auto manufacturers, and suppliers.
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The estimated $31.87 billion in total revenues continues a string of 11 years of uninterrupted growth.
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Exiting a year of record revenues, the new year brings challenges from market disruptors, incumbent players new to the U.S. market, and new mobility models.
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