Average auction rates for rental risk units remain above this mark for the fifth month in a row.
Favorable deals with the OEMs, a mix of vehicles with higher residual values and higher-return remarketing channels all bode well for continued lower fleet costs, says equity research firm MKM Partners.
The report from Manheim Consulting reveals the average price for off-rental vehicles increased in July and year-over-year.
At the 2010 Car Rental Show, Jim Tennant of the Tennant Group held a profit idea session in which six products, services and ideas were presented that operators could bring home and employ in their businesses. Seminar attendees voted on the best idea. The winner, Sarah Romanowski of Ride Share Systems LLC, received a free pass to a future Car Rental Show. These six concepts could reduce expense and boost your bottom line.
To answer this question you must decide: Are you in the used-car business and happen to rent cars, or are you in a rental business that happens to sell cars?
As the industry emerges from the recession, auto rental executives, operators and other professionals met at this year’s show ready to tackle the issues of fleet financing, lifecycle management, remarketing, utilization and no-show fees.
Repurchase programs are still available to small- and medium-sized rental companies. For the uninitiated, here’s how they work and when they work best.
Many factors beyond price affect risk vehicle purchasing. But do you know who will buy the vehicle when you take it out of service? Identifying this “final customer” early in the vehicle’s lifecycle could be most important to your bottom line.
There are several steps you can take to help determine whether you should purchase new or pre-owned vehicles and how you should finance your fleet.
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