Can Rentals Help Your Car Sales?
People are more likely to buy what they know and the fastest way to get to know a car is to drive one. Based on this idea, the auto rental company Avis did a study to find out the impact of automobile rentals on future car purchases.
Turns out if they rent the car, they’re more likely to buy the car.
The UK operations of Avis sent a survey to over 2,500 auto renters in the UK and Europe to find out what kind of an impact the rental experience and rental car had on future purchases. They found that 105 of the survey responders had already gone out and purchased the model of vehicle they’d rented at some point in the past. 44 percent of the UK drivers who participated in the survey were “slightly or much more likely” to add the model they’d rented to their short list of cars to consider.
When you consider that 48 percent of the respondents were set to buy a new vehicle in the next year, those are very big numbers.
What does this mean to auto manufacturers?
Well, despite the fact that the rental sector is deemed to be unprofitable in the short term, car manufacturers might be better off considering the lucrative “long tail” market. If you can create an enjoyable rental experience and potentially long term consumer loyalty, the cost of entering the rental market could be offset many times over.
The director of the Avis fleet says that the results of the survey were very positive. “We understand manufacturers have to control rental volumes more carefully, but this proves they could lose out on future sales, many to drivers who have never experienced their brand, if they do not keep up a presence in the rental arena.”
Comments
Tell me what you're thinking...
and oh, if you want a pic to show with your comment, go get a gravatar!
