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ICRS 2024: Developing a big picture plan and strategy while tracking key metrics and managing small expenses can free up the profit pipeline.
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Merchants will continue to operate independently. The members of the Merchants leadership team will remain in their current roles and will be co-investors in the business.
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A survey projects and details what electric cars and trucks major companies are seeking for their future transportation needs.
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With 2021 in the books, how many units were sold into rental fleets in 2021 compared to previous years?
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The automotive parts shortage that the industry is experiencing today goes far beyond just the shortage of microchips. Today, there is a wide cross-section of automotive parts that are in short supply varying by type of part and make and model of vehicle.
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But volume for rental, commercial, and government vehicle purchases is still well below levels seen in the pre-pandemic year of 2019.
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Part and labor prices have increased 4-8%, while part and labor availability have decreased. Due to difficulties sourcing replacement vehicles, fleets are keeping units in service longer. This caused repair spend to increase in 2021.
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From state-of-the-art onboard sensors to wireless telematics and more, Microsoft Azure is going to help Enterprise scale its fleet to a 350,000+ vehicle connected force by the end of the year. A fully connected worldwide fleet may be just five years away.
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Europcar in the UK has launched a new flexible vehicle subscription service called DuoFlex. The subscription is based on a minimum 28 day rental but also adds a second vehicle for two days, twice a month, which eliminates the additional costs when the usual company vehicle doesn’t fulfill the normal business requirements.
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How can you capitalize on the uncertainty in the market and plan for this new normal? Start by avoiding these three common pitfalls.
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