With the limited supply of used vehicles, shoppers can save as much as $8,460 by purchasing a new car instead of a used version of the same vehicle.
To compete in this challenging fiscal climate, your company must adopt rate management strategies that reflect a more flexible booking policy, be able to take advantage of walk-up business and establish a unique market position.
Low dealer consignment levels and a 30 percent drop in off-rental volumes have kept used vehicle prices afloat.
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.
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