{"id":3046,"date":"2019-07-08T16:46:07","date_gmt":"2019-07-08T14:46:07","guid":{"rendered":"http:\/\/en.advancedfleetmanagementconsulting.com\/?p=3046"},"modified":"2019-07-08T16:46:07","modified_gmt":"2019-07-08T14:46:07","slug":"3046","status":"publish","type":"post","link":"https:\/\/advancedfleetmanagementconsulting.com\/eng\/2019\/07\/08\/3046\/","title":{"rendered":"Five Ways the Connected Car Will Benefit Car Rental"},"content":{"rendered":"<p><img class=\"wrapImageCMS aligncenter\" src=\"https:\/\/fleetimages.bobitstudios.com\/upload\/auto-rental-news\/content\/blogpost\/byton-__-688x516-a.jpg\" alt=\"Seen at the 2018 LA Auto Show, this gargantuan display in a concept vehicle by Chinese automaker Byton may never make it to production. Byton's idea, at least, is that in the near future connected cars will bring the digital lives of their drivers into the vehicle\u00a0\u2014 presenting new opportunities for car rental.\u00a0 - Photo by Chris Brown\" \/><\/p>\n<p style=\"text-align: justify\">Seen at the 2018 LA Auto Show, this gargantuan display in a concept vehicle by Chinese automaker Byton may never make it to production. Byton&#8217;s idea, at least, is that in the near future connected cars will bring the digital lives of their drivers into the vehicle\u00a0\u2014 presenting new opportunities for car rental.\u00a0<em>Photo by Chris Brown<\/em><\/p>\n<h2 style=\"text-align: center\">Five Ways the Connected Car Will Benefit Car Rental<\/h2>\n<div class=\"content-body\">\n<p style=\"text-align: justify\">Data is the new currency \u2014 and deriving actionable data from vehicles is now critical for auto manufacturers, insurers, commercial fleets, municipalities, consumers, and car rental.<\/p>\n<p style=\"text-align: justify\">Car rental companies are just beginning to understand how to mine and use this data today. The connected car is the gateway.<\/p>\n<p style=\"text-align: justify\">For car rental, what does \u201cconnected\u201d mean? We\u2019ll save a discussion of the greater vision of vehicle-to-vehicle, vehicle-to-infrastructure and vehicle-to-everything for the future. For now, we\u2019re talking about technology that tracks vehicles, relays vehicle telemetry, and allows remote access to them.<\/p>\n<p style=\"text-align: justify\">Connected technology is essential to the carsharing process and has been available for years via telematics. However, the great majority of devices are still installed manually on the car rental lot, a barrier to mass implementation.<\/p>\n<p style=\"text-align: justify\">When we get to the point where entire rental fleets are connected, car rental companies will look to harness this data in ways that will transform the traditional rental model.<\/p>\n<p style=\"text-align: justify\">Connected cars have the potential to:<\/p>\n<ul style=\"text-align: justify\">\n<li>Bypass the rental counter and jumpstart the era of on-demand rentals.<\/li>\n<\/ul>\n<p style=\"text-align: justify\">Yes, counter bypass is available today through loyalty programs and as standard practice for some boutique brands. However, a universally connected rental fleet will allow the traditional model to finally evolve to where most customers will book through an app and interact with the counter only if needed.<\/p>\n<p style=\"text-align: justify\">Connectivity will also drive more opportunities for on-demand rentals. This doesn\u2019t necessarily signify carsharing will replace traditional rental model; rather, it allows rental companies to create a more seamless experience and create partnerships to place fleet dynamically based on demand.<\/p>\n<ul style=\"text-align: justify\">\n<li>Increase utilization and revenue per unit.<\/li>\n<\/ul>\n<p style=\"text-align: justify\">Knowing the locations of rental cars helps managers control any situation with greater precision \u2014 just ask operators how GPS tracking saved countless rental days merely by identifying a rental car in a police impound yard.<\/p>\n<p style=\"text-align: justify\">When all cars are connected, fleet movements can be studied over time for more precise daily, monthly, and seasonal fleet planning. Increasing overall utilization from, say, 80% to 84% will drive tangible results to the bottom line.<\/p>\n<ul style=\"text-align: justify\">\n<li>Drive new ancillary sales opportunities.<\/li>\n<\/ul>\n<p style=\"text-align: justify\">Some worry a new model that bypasses the rental counter would hurt ancillary sales. True, the opportunity to pitch loss damage waiver in person would transfer to an elective through a mobile booking, which may erode a percentage of sales.<\/p>\n<p style=\"text-align: justify\">Yet bookings on a branded app \u2014 a necessity for enrollment and authentication in carsharing \u2014 brings ancillary benefits of its own. Those bookings are not subject to online matrixes with competing brands and don\u2019t require a pound of flesh in OTA booking fees. Reducing those fees alone could far outweigh the lost revenue on ancillary sales.<\/p>\n<p style=\"text-align: justify\">Moreover, customers may gladly pay extra to avoid a line, while capturing their information as part of a loyalty program has benefits too. Understanding rental car movements in conjunction with customer preferences will produce geolocated sales opportunities in the form of in-vehicle notifications and discounts to renters.<\/p>\n<p style=\"text-align: justify\">As well, connected telematics can measure a fuel tank precisely, which presents a more transparent fuel purchase option than today\u2019s system.<\/p>\n<ul style=\"text-align: justify\">\n<li>Join the Mobility-as-a-Service (MaaS) ecosystem.<\/li>\n<\/ul>\n<p style=\"text-align: justify\">Car ownership will gradually evolve to MaaS, which allows access to multiple transportation modes \u2014 ride hailing, carsharing, scooter rentals, and public transportation \u2014 on a single app.<\/p>\n<p style=\"text-align: justify\">Rental cars need to be connected and capable of remote access to plug seamlessly into this ecosystem.<\/p>\n<ul style=\"text-align: justify\">\n<li>Partner with autonomous tech players to be service providers.<\/li>\n<\/ul>\n<p style=\"text-align: justify\">This benefit will manifest further down the road, but the groundwork must be laid today. Autonomous vehicle developers such as Uber, Alphabet\u2019s Waymo, Ford\u2019s Argo AI, and GM\u2019s Cruise understand that partnerships are essential to be the service providers of the future.<\/p>\n<p style=\"text-align: justify\">For car rental companies to connect to this chain, the process to rent a car needs to become more efficient and seamless. This starts with a connected fleet.<\/p>\n<p style=\"text-align: justify\">When does this all come together? The process will accelerate when rental companies can have the ability to connect its entire fleet at the factory. Avis intends its entire fleet to be connected by 2020. If that happens, competitors won\u2019t be far behind.<\/p>\n<p style=\"text-align: justify\">Outside of airports and urban areas, this sea change doesn\u2019t need to happen as quickly. Yet for the car rental industry to best poise itself as transportation providers of the future, the connected car can\u2019t come soon enough.<\/p>\n<p class=\"original-url\">Originally posted on <a href=\"https:\/\/www.autorentalnews.com\/320669\/five-ways-the-connected-car-will-benefit-car-rental\">Auto Rental News<\/a><\/p>\n<\/div>\n<section class=\"blog-section-box\">\n<h4 class=\"author-title title-24\">Author<\/h4>\n<div class=\"bio-content-box\">\n<div class=\"bio-name-title\">\n<h5 class=\"title-18-bold\"><a href=\"https:\/\/www.fleetforward.com\/320669\/five-ways-the-connected-car-will-benefit-car-rental\"><img class=\"alignleft\" src=\"https:\/\/fleetimages.bobitstudios.com\/upload\/authors\/cbphoto862014-thumb.jpg\" alt=\"Chris Brown\" border=\"0\" \/><\/a><a href=\"https:\/\/www.fleetforward.com\/authors\/3271\/chris-brown\">Chris Brown<\/a><\/h5>\n<p class=\"p-14-gray\">Executive Editor<\/p>\n<\/div>\n<div class=\"bio-description mobile-hide-element\">\n<p>&nbsp;<\/p>\n<p>Chris is the executive editor of Business Fleet Magazine and Auto Rental News. He covers all aspects of the fleet world.<\/p>\n<p><a class=\"link-light-gray2-underline\" href=\"https:\/\/www.fleetforward.com\/authors\/3271\/chris-brown\">View Bio<\/a><\/div>\n<\/div>\n<\/section>\n<p>by <a href=\"https:\/\/www.fleetforward.com\/authors\/3271\/chris-brown\">Chris Brown<\/a><\/p>\n<p>Source: <a href=\"https:\/\/www.fleetforward.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/www.fleetforward.com\/<\/a><\/p>\n<h3 style=\"text-align: center\">FLEET MANAGEMENT AUDIT<\/h3>\n<p>Fleet management is the use of a set of vehicles in order to provide services to a third-party, or to perform a task for our organization, in the most efficient and productive manner with a determined level of service and cost.<\/p>\n<p>Fleet management activities are shown in the following graph 1:<\/p>\n<p><img loading=\"lazy\" class=\"aligncenter wp-image-1106 size-full\" title=\"fleet management activities\" src=\"http:\/\/en.advancedfleetmanagementconsulting.com\/wp-content\/uploads\/2016\/06\/grafico-AFMC-en.jpg\" alt=\"fleet management activities\" width=\"1600\" height=\"800\" srcset=\"https:\/\/advancedfleetmanagementconsulting.com\/eng\/wp-content\/uploads\/sites\/3\/2016\/06\/grafico-AFMC-en.jpg 1600w, https:\/\/advancedfleetmanagementconsulting.com\/eng\/wp-content\/uploads\/sites\/3\/2016\/06\/grafico-AFMC-en-300x150.jpg 300w, https:\/\/advancedfleetmanagementconsulting.com\/eng\/wp-content\/uploads\/sites\/3\/2016\/06\/grafico-AFMC-en-1024x512.jpg 1024w\" sizes=\"(max-width: 1600px) 100vw, 1600px\" \/><\/p>\n<p>Graph 1: fleet management activities<\/p>\n<p style=\"text-align: justify\">The proposal audit analyses and assesses all fleet management activities shown in the graph 1, and its main goals are:<\/p>\n<ul style=\"text-align: justify\">\n<li>Know the overall status of the fleet management activities<\/li>\n<li>Provide the analysis, the assessment, the advice, the suggestions and the actions to take in order to cut costs and increase the efficiency and efficacy of the fleet management\u00a0 activities<\/li>\n<\/ul>\n<p style=\"text-align: justify\">With the information obtained, we\u2019ll elaborate a report that holds the overall status of the fleet management as well as the suggestions, recommendations and the measures to take in order to cut costs and optimize the fleet management activities.<\/p>\n<p style=\"text-align: justify\">CLICK ON THE FOLLOWING LINK TO DOWNLOAD THE PROPOSED FLEET MANAGEMENT AUDIT:<\/p>\n<h2 style=\"text-align: center\"><a href=\"http:\/\/en.advancedfleetmanagementconsulting.com\/wp-content\/uploads\/2019\/07\/Fleet-Management-Audit-AFMC.pdf\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"color: #ff0000\">Fleet Management Audit AFMC<\/span><\/a><\/h2>\n<p>Contact:<\/p>\n<p>Jos\u00e9 Miguel Fern\u00e1ndez G\u00f3mez<\/p>\n<p>34 678254874<\/p>\n<p>info@advancedfleetmanagementconsulting.com<\/p>\n<p><img loading=\"lazy\" class=\"alignleft size-thumbnail wp-image-1680\" src=\"http:\/\/en.advancedfleetmanagementconsulting.com\/wp-content\/uploads\/2017\/04\/JMF-150x150.jpg\" alt=\"JMF\" width=\"150\" height=\"150\" srcset=\"https:\/\/advancedfleetmanagementconsulting.com\/eng\/wp-content\/uploads\/sites\/3\/2017\/04\/JMF-150x150.jpg 150w, https:\/\/advancedfleetmanagementconsulting.com\/eng\/wp-content\/uploads\/sites\/3\/2017\/04\/JMF-350x350.jpg 350w\" sizes=\"(max-width: 150px) 100vw, 150px\" \/>I\u00b4m\u00a0a Fleet Management expert, and the manager of\u00a0<strong><a href=\"http:\/\/en.advancedfleetmanagementconsulting.com\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Advanced Fleet Management Consulting<\/a><\/strong>, that provides Fleet Management Consultancy Services.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Seen at the 2018 LA Auto Show, this gargantuan display in a concept vehicle by Chinese automaker Byton may never make it to production. Byton&#8217;s idea, at least, is that in the near future connected cars will bring the digital lives of their drivers into the vehicle\u00a0\u2014 presenting new opportunities for car rental.\u00a0Photo by Chris&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[18],"tags":[165],"_links":{"self":[{"href":"https:\/\/advancedfleetmanagementconsulting.com\/eng\/wp-json\/wp\/v2\/posts\/3046"}],"collection":[{"href":"https:\/\/advancedfleetmanagementconsulting.com\/eng\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/advancedfleetmanagementconsulting.com\/eng\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/advancedfleetmanagementconsulting.com\/eng\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/advancedfleetmanagementconsulting.com\/eng\/wp-json\/wp\/v2\/comments?post=3046"}],"version-history":[{"count":0,"href":"https:\/\/advancedfleetmanagementconsulting.com\/eng\/wp-json\/wp\/v2\/posts\/3046\/revisions"}],"wp:attachment":[{"href":"https:\/\/advancedfleetmanagementconsulting.com\/eng\/wp-json\/wp\/v2\/media?parent=3046"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/advancedfleetmanagementconsulting.com\/eng\/wp-json\/wp\/v2\/categories?post=3046"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/advancedfleetmanagementconsulting.com\/eng\/wp-json\/wp\/v2\/tags?post=3046"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}