How Are Rental Car Agencies Staying Afloat During The Recession
When you travel you are likely to need not just the best hotel or airfare prices
but it's likely that at some point during your holiday you are going to rent a motor vehicle. In most cases you can find some discount travel websites that could offer you a good deal on a hotel stay and even on your airfare but if you think that you're going to make a killing on the price that you are going to pay for your rental vehicle then you might want to think again.
Do not get me wrong there are many discounts and coupons available on the web and if you do book your other travel arrangements through an all inclusive internet site it's very possible that by tacking on a car rental as well that you can shave off a certain percentage of the cost you'll incur. Of course, this doesn't mean that you're really saving that much because there are very few deals available within this industry.
This is occurring throughout the rental industry with good reason. As the economy began to take a turn for the worse, those in the leasing industry saw the requirement of change and thus they found ways in which to recession proof their company. The first way they chose to accomplish this was to sell off any excess vehicles that they had and instead of reinvesting that money they chose to sit on it. This provided them with a little bit of extra savings to help see them through the storm.
Next they found ways to charge a little bit extra by only having a couple of vehicles on hand at a time raising the overall demand for vehicles thus raising the price they could charge for them. They also began to realize that they could make quite a bit more per rental by charging per mile even on local rentals and so now most companies do that as well. Essentially these companies found that by making some good solid organization decisions that they were able to ensure that their entire industry stayed afloat and profitable throughout the economic decline.
There are still many deals to be had in the leasing industry and most companies offer consumers several specials and discounts and some even offer up loyalty cards for their customers. Taking advantage of all the specials, discounts, and deals that you can will certainly help to bring down the cost of your rental vehicle but if you think that you're going to get one really cheap, the days of that happening have long since past.