An analysis of the conference calls of Avis Budget Group and Hertz Global Holdings reveal trends and initiatives involving fleet right sizing, pricing, ancillary revenue opportunities, and renting to ride-hailing drivers.
Car rental companies’ recent fleet discipline is needed now more than ever.
Two new autonomous vehicle project partnerships bring the importance of fleet management to the fore.
Sifting through the notes of Avis Budget Group’s and Hertz Global Holdings’ recent fourth quarter conference calls give us some trend lines to watch out for in 2017. (Of course, this gives us an incomplete snapshot, as Enterprise Holdings is privately held.)
Car rental companies are migrating to vehicle segments with better residual values, though not without bumps in the road.
The bankruptcy of the Haggen grocery chain shows the FTC hasn’t learned its lesson.
Today’s conference call was the debutant ball for Hertz’s new CEO, in which he set the company’s direction on regaining market share, fixing Dollar and Thrifty, the threat from Uber, Hertz’s exit from carsharing, prepaid rentals and more.
The CNBC airline and auto reporter made some questionable assumptions as to the health of the car rental industry.
Digging deeper into the most recent public statements by Avis Budget Group and Hertz reveal direction on the market, including growing the deep-discount segment, ancillary sales drivers, Hertz’s ship-righting and Zipcar’s first franchise (you heard correctly).
It’s easy if you try.
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