Taking in the seminars, discussions, and networking at the 2016 Auto Rental Summit, trend lines emerged around shifts in model mix, data protection issues, increasing labor costs, workforce engagement, and new platforms to rent cars.
The overall fleet vehicle market depreciated by 12.1% over the previous year; however, the depreciation rate for cars was 14.8% and is expected to increase in 2015.
The 2014 Auto Rental Summit was a great place to assess the state of the car rental market, both the good and the bad.
New, three-hour “fleet jam session” includes a market overview from Ricky Beggs of Black Book, a blue-ribbon panel on fleet trends and roundtables with access to a team of fleet experts.
Eric Ibara, director of residual value consulting for Kelley Blue Book, will present a seminar at the 2014 Car Rental Show that uses real case studies to provide insights into the factors affecting residual values for popular rental car models.
Leo Burns, General Motors’ residual value management guru, shares what was broken and how it’s being fixed.
High rental fleet penetration has been found to negatively impact residual value performance and perception of quality, according to Automotive Lease Guide.
Bob Barton, president of the American Car Rental Association, asks the car rental industry for discipline, consensus and cooperation on the things that, if implemented, will benefit the industry as a whole.
Japanese brands dominate ALG’s Residual Value Awards, with 12 of 19 individual segment leaders.
Used-vehicle values continue to be relatively strong in retention based on historical levels, although that strength has eased somewhat in the past month.
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