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When we’re in the middle of a hype maelstrom, it’s hard to separate the fads from the revolutions. Fleets don’t need to be first adopters, but those forming their strategies now will able to take advantage of the truly transformative solutions.
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Miami-based startup CarHopper is a car rental booking platform that connects car rental companies with those looking to rent a vehicle. Since its launch in early 2016, it has raised $500K in funding.
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Welcome to peer-to-peer renting, the new neighborhood car rental.
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With proper fleet planning techniques, having 25 cars on the lot and 100 expected reservations that day is a very manageable situation.
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Analysis by Northcoast Research reveals that implementing policies to reduce no-shows could help Avis Budget eliminate potential loss of up to $9 million annually and instead generate profits of up to $13.3 million. This excerpted analysis was published by Northcoast Research, an institutional equity research firm that specializes in car rental, among many other industries.
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While rentals are down 10-15 percent, operators are aggressively adapting to new market conditions and reaping the rewards.
Read More →In a down economy, implementing a revenue management strategy that addresses potential customers, fleet utilization, advance reservation build and competitors’ constant price fluctuations is more essential than ever.
Read More →Hertz says it will profit from its car-sharing venture by adding standard in-car technology, exploiting untapped markets and leveraging the company’s considerable economies of scale.
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The auto rental industry is revving up to the green movement. Aside from the benefits to the environment, does it make business sense, or is it just a lot of globally warmed air?
Read More →With the right mix of marketing, creativity and investment in technology, the insurance replacement market provides local businesses the opportunity to thrive in a land of giants.
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