Auto Rental News’ Post

Company car broke down and all work stopped? Managers didn't get to their meetings, products didn't reach your clients, and customers were left unsatisfied. Owning a fleet of old cars is not always a financially wise decision. ✅ With HERTZ full-service lease, you can avoid losses, lost time and breakdowns. No misunderstandings will stop your business from functioning. ✅ You will always have a replacement car. You will not have to wait and guess when you will get the car back from the repairs, whether it was repaired well and what the warranty is until the next breakdown. With HERTZ, you can be sure that employees will reach appointments on time, and goods will reach customers - get more info👇 https://hertzlease.ee

This past week Stephen Scherr was fired from the top job at Hertz. He made a huge bet on EVs - buying 100,000 Teslas (and other EVs) - that didnt pay off. That's a shame because the EV industry was hurt badly by poor execution. While I applaud Stephen for making a bold move where many execs would be too scared to, his strategy failed to take into account that EVs are just different than ICE. They charge differently, they require different planning, they require training your staff and they are not for everyone (just yet - mostly due to poor charging infrastructure). He would have been wiser to take a slower approach - finding the right drivers, the right locations and the right Hertz outlets. Find a model of success and the replicating that. Scaling is hard. But its impossible if you don't have a model that works. I see this all the time with software companies - they make 1 sale and then they want to hire a bunch of salespeople and think that will cause the company to grow. It doesnt. Scale happens when your processes and systems lead to predictable outcomes. It happens when you have a clear target customer, clear target market, clear inputs and output from marketing to sales. If your processes dont predict revenue at the small level, don't, DO NOT SCALE. Let this be a lesson for all those who chase growth at all costs. https://lnkd.in/ea4MkP66?

Roughly 11 months ago, we published a contrarian report on rental car company Hertz, suggesting 50-75% downside risk. Since then, the stock is down over 50%, compared the 25% rise in the S&P 500, implying over 75 percentage points of hypothetical alpha. Our bearish thesis was predicated on our expectation of worse than expected pricing pressure (from competition), higher than anticipated depreciation costs (from falling used car prices), and an ill-conceived EV strategy that would prove costly. Since our report, each of these contrarian viewpoints has come to fruition and 2024 consensus EPS expectations have dropped from $1.42 to 41c, catalyzing the 50%+ drop in the share price. At the time of our report, several of our clients asked us why Hertz vs. Avis. In response, we highlighted key differences, including: 1) Hertz was the weakest competitor and likely to suffer share losses to both Avis and Enterprise, and 2) Hertz’ inexperienced leadership team was making costly mistakes, including its aggressive move into EVs and the elongation of its fleet age. These points have since been validated, resulting in the much steeper decline at Hertz, which is down twice as much as Avis (down 24%) since our report.   If you’re an institutional investor interested in receiving similar alpha-generating insights, ping us for details about our idea generation services (note: we offer customizable subscriptions for long and/or short ideas).   Separately, if you find the attached research report of high quality, please help us reach more eyeballs by hitting the like button and/or commenting below. #hawkshaw #valueinvesting #longshort #htz #avis

As Ford, we always strive to ensure that our solutions are not only innovative, but also tailored to the dynamically changing needs of our customers. And of course increase 'Pro'ductivity of our customers! Ford Wynajem, our latest cooperation with Arval Service Lease Polska is not only a response to the growing demand for flexible financing solutions, but also a step towards the future of motoring, where accessibility and convenience become key. The decision to introduce our in house Operational Leasing product, the possibility of mid/long-term use of a car or commercial vehicle without an initial deposit directly at our showrooms is the result of our commitment to make access to the latest Ford models easier for everyone. This way, whether you're a business or individual customer, you can enjoy a new car with a full suite of services - from insurance to seasonal tire changes - without the additional financial burden. We share a common mission with Arval - to provide solutions that not only respond to market needs, but redefine those needs, creating space for innovation and new experiences. I am convinced that thanks to our cooperation, Ford vehicles in Poland will become even more accessible to all those who want not only a car, but above all the best possible service and flexibility 🤝 #Ford #Arval #MobilitySolutions #FordPro

Hertz Group, Avis-Budget Group, and Enterprise Holdings make up 94% of the US car rental industry an industry that is expected to grow to 144 billion by 2027. Private companies will have 9 billion in rental car sales. Here is what you need to know if you want to buy a private rental car business: 𝟒𝟓% 𝐨𝐟 𝐀𝐧𝐧𝐮𝐚𝐥 𝐒𝐚𝐥𝐞𝐬 𝐩𝐥𝐮𝐬 𝐈𝐧𝐯𝐞𝐧𝐭𝐨𝐫𝐲 This basic valuation approach considers the business's overall financial performance by factoring in a percentage of the annual sales coupled with the value of existing inventory. For a more information about valuation can be found here https://bit.ly/40UO4n1. #BusinessAcquisition #AutoRental #InvestmentInsights #ValuationStrategies

Here is a review of the Hertz Gold Plus rewards program. In case you rent a lot of cars and want to save some time by skipping the rental counter and go straight to your car. https://lnkd.in/gX65zMD2

🌟What’s the Circle Leasing Difference? 🌟 🚗 Since 2002, we have been the UK’s leading supplier of courtesy cars, delivering over 140,000 vehicles across the UK through strategic partnerships with world-leading manufacturers. But we are more than just courtesy car providers; we are your partners, committed to going the extra mile in navigating, building and driving your fleet forward. We have developed an innovative software suite to help you manage your fleet of vehicles smarter and more efficiently. 🚀 With over 5,000 registered users already benefiting from the Circle Leasing difference, why don’t you join them? #CircleLeasing #FleetManagement #Innovation #CourtesyCars #DriveForward

A wise perspective on the dynamics of the car business - focusing on People, Product, and Profit. The growth and development of our people often take precedence over the latter two categories. #CarBusiness #PeopleDevelopment

New update alert! ✅ Our latest improvement now introduces a booking approval process for our Carsharing service, enabling designated individuals to manage vehicle usage more efficiently.   🔎 With the new feature, you can assign a responsible person for each vehicle, improving fleet management and oversight. For example, a team leader can now be appointed to approve bookings, making sure each vehicle is used according to company rules and needs.   How do you see this new feature improving your team's efficiency and resource management? We'd love to hear your thoughts! 💭👇 #FleetComplete #Carsharing #Platformupdate

🚨 Attention Dealerships! 🚨 The summer holiday season is fast approaching. Don't get caught out by not planning ahead! One thing I've learned over the last few years is that last-minute bookings can lead to a slower process, delays and stress in your service departments, especially when it comes to securing skilled vehicle technicians. Following conversations this last few weeks with some of the group leaders I work closely with, planning ahead is something they are pushing their sites to do more & more. However we still are finding some are still hesitant. Why is that? 🤔 Planning ahead is proven to ensure you have consistent coverage and maximise profits at your sites. Don't be scared to approach your chosen specialist recruitment partners and ask them to book vehicle technicians for a few months in advance. This way, you are beating your competitors to the best talent on the market. 📅 Plan ahead, Maximise profits & Stay ahead of the competition. PLAN, PREPARE PERFORM. #DealershipSuccess #HolidayPlanning #MaximizeProfits #ServiceDepartment #VehicleTechnicians #Dontleaveittoolate