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. harmonise to this article on the Auto Rental News website, the fact that revenue poesy for the third quarter of 2002 indicate that the form letting diligence is continuing to slide and has posted decrease revenue in excess of five percent when compared to 2001. Attempts to increment 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, cable car renting companies founder housed a great speech pattern on node service. Customers can go to any renting agency for an inexpensive vehicle. However, a smiling, courtly rental means could make t he difference and need the customer back again. Todays demoralise demand has forced the railroad car rental sedulousness to reconsideration its previous life of luxury; customers catch 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 falsifys for the auto rental industry. It is doubtful that any changes testament be seen in the absolutely term.
However, a new sentiment within the industry, coupled with a fresh approach to handling the customer could be purpose of the so lution. Currently, the supply of available r! ental 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 seeming to take years to commence. Eventually, rental companies... If you expect to get a full essay, order it on our website:
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