Supply and Demand-How it Relates to the Auto Industry I. Â Â Â Â Â Â Â Â SUMMARY: Customers had begun to find divers(prenominal) ways to cypher their transportation problems. The luxury of renting a vehicle was outweighed by the opportunity to save money. This trend continues today. check to this article on the Auto Rental News website, the concomitant that revenue poesy for the third quarter of 2002 indicate that the mechanism letting diligence is continuing to slide and has posted trim revenue in excess of five percent when compared to 2001. Attempts to sum up demand were make in all areas of operation. Focusing on modifying marketing strategies, diminution prices, and collaborating with airlines to offer travel packages were just a few. Most importantly, car renting companies founder housed a great speech pattern on customer service. Customers can go to any letting agency for an inexpensive vehicle. However, a smiling, well-bred rental means could make the difference and represent the customer back again. Todays demoralise demand has forced the machine rental sedulousness to reconsideration its previous life of luxury; customers go through become prized possessions. As the demand abbreviate has shifted drastically for the auto rental industry, we have been scrambling to find proportionality. Tomorrow may bring remarkable dislodges for the auto rental industry. It is doubtful that any changes leave alone be seen in the absolutely term.
However, a new idea within the industry, coupled with a fresh approach to use the customer could be purpose of the sol ution. Currently, the supply of available re! ntal vehicles far exceeds the publics demand and the curve has shifted dangerously away from the equilibrium that is required to keep our industry strong. A dramatic change within the market place is necessary before auto rental companies can pay back to rebuild. This change is believably to take years to commence. Eventually, rental companies... If you expect to get a full essay, order it on our website:
OrderCustomPaper.comIf you want to get a full essay, visit our page:
write my paper
No comments:
Post a Comment