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.)
Better technology, education, transparency, and a way to show the correlation between price and customer service are needed.
Next year’s mechanics hinge on plentiful new car supply and a softening used car market.
In the midst of a new round of car rental company buyouts, the successful independent is becoming a rare commodity.
On its first quarter earnings call, Avis Budget Group shed light on price increases, acquisitions, the used car market and where the growth is with ancillary sales.
In their fourth quarter conference calls, Avis Budget Group and Hertz gave an outlook on fleet costs, the used car market, fleet optimization strategies and potential acquisitions. Hertz shed light on the fallout from that excess fleet.
While the world concentrates on whether rental rates will rise, rates don’t rule the world.
Consumers should be aware of the many forces at work that affect rental car rates.
The two U.S. public car rental companies both report gains in pricing — finally — though they present different views on the cost scenario for 2013.
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