CATEGORY

Car Rentals

Beroe LiVE.Ai™

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Market Data, Sourcing & Supplier Intelligence, and Price & Cost Benchmarking.

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Category Alerts

CATEGORY ALERTS

Green Motion International expands its operations in California, the US

June 30, 2022
alert level: Low
CATEGORY ALERTS

AMP releases first Green Bond Report

July 06, 2022
alert level: Low
CATEGORY ALERTS

Virtuo strengthens its electric car rental fleet by adding Tesla Model Y

July 05, 2022
alert level: Low

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Car Rentals Market Monitoring Dashboard

Supply Demand

Understand the correlation between costs, margins, and prices impacting your category on a real time basis on Beroe LiVE.Ai™

Car Rentals Industry Benchmarks

Savings Achieved

(in %)

The average annual savings achieved in Car Rentals category is 10.20%

Payment Terms

(in days)

The industry average payment terms in Car Rentals category for the current quarter is 50.0 days

Compare your category performance against peers and industry benchmarks across 20+ parameters on Beroe LiVE.Ai™

Category Strategy and Flexibility

Engagement Model

Supply Assurance

Sourcing Process

Supplier Type

Pricing Model

Contract Length

SLAs/KPIs

Lead Time

Supplier Diversity

Targeted Savings

Risk Mitigation

Financial Risk

Sanctions

AMEs

Geopolitical Risk

Cost Optimization

Price per Unit Competitiveness

Specification Leanness

Minimum Order Quality

Payment Terms

Inventory Control

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    Car Rentals Suppliers

    29,330
    Total Suppliers
    650
    Diverse Suppliers
    76
    Normalized Supplier Rating
    Car Rentals Supplier

    Find the right-fit car rentals supplier for your specific business needs and filter by location, industry, category, revenue, certifications, and more on Beroe LiVE.Ai™.

    Sample Supplier
    Company
    ACCENTURE PUBLIC LIMITED COMPANY
    Location
    Jackson, Mississipi
    Duns number
    3862211
    D&B SER Rating
    dnb logo

    Up to 3 months

    1 9
    6
    Low Risk High Risk

    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.

    Moody`s ESG Solution
    ESG Profile
    Company and Sector Performance
    58
    100
    Robust (1)
    ESG Perfomance (/100)
    Environment
    90
    Social
    42
    Governance
    67
    6 Domains Performance (/100)
    Business behaviour
    58
    Human rights
    55
    Community Environment
    54
    Corporate governance
    72
    Human resources
    29
    Security Scorecard
    97
    Threat indicators
    A
    95
    Network Security
    Detecting insecure network settings
    A
    100
    Hacker Chatter
    Monitoring hacker sites for chatter about your company
    A
    100
    DNS Health
    Detecting DNS insecure configuration and vulnerabilities
    A
    98
    Application Security
    Detecting common website application vulnerbilities
    A
    94
    Endpoint Security
    Detecting unprotected enpoints or entry points of user tools, such as desktops, laptops mobile devices, and virtual desktops
    A
    100
    Cubic Score
    Proprietary algorithms checking for implementation of common security best practices
    A
    99
    Patching Cadence
    Out of date company assets which may contain vulnerabilities of risk
    A
    100
    Social Engineering
    Measuring company awareness to a social engineering or phising attack
    A
    100
    IP Reputation
    Detecting suspecious activity, such as malware or spam, within your company network
    A
    100
    Information Leak
    Potentially confidential company information which may have been inadvertently leaked
    Industry Comparison
    accenture.com
    Industry average
    Adverse Media Appearances
    Environmental Issues
    0
    Workforce Health Safety Issues
    0
    Product Service Issues
    9
    Human Rights Issues
    0
    Production Supply Chain Issues
    3
    Environmental Non Compliance Flags
    12
    Corruption Issues
    0
    Regulatory Non Compliance Flags
    5
    Fraud Issues
    2
    Labor Health Safety Flags
    6
    Regulatory Issues
    3
    Workforce Disputes
    1
    Sanctions
    0
    esg energy transition
    80
    Discrimination Workforce Rights Issues
    5
    esg controversies critical severity
    No

    Car Rentals market report transcript

    North America and Europe are high mature markets and contributes to more than 75 percent of the global car rental service’s revenue.

    Growth Drivers and Constraints

    Car rental services have benefited from business travellers, owing to their wide availability across countries and presence in airports. However,
    COVID-19 has pushed the users to shift their preference towards private vehicles.

    Porter’s Five Forces Analysis

    Supplier Power

    • The car rental industry has witnessed a huge drop in revenue, owing to COVID-19
    • Suppliers are looking at ways to operate the business with minimal profits
    • Supplier power has dropped, with global companies looking to offer discounts and coupons to increase rentals days

    Barriers to new entrants

    • A new entrant would have to make a high investment in resources, especially in technology, to ensure customer service is par with the industry
    • Low profit margin, due to stiff competition in the industry, is another important dissuading factor for new entrants

    Intensity of Rivalry

    • The highly consolidated nature of the market combined with the similarity of service portfolios intensifies the rivalry in the market
    • Car rental companies strive to overcome low differentiation by providing value-added services, like technological gadgets

    Buyer Power

    • Downtrend in adoption, low revenue and rental days has enabled better negotiation power to buyer
    • The corporate buyers are looking to engage with car rental companies for monthly rentals at discounted rates

    Threat of Substitutes

    • Shared mobility is an alternative to renting a car, but the feasibility is low for long distance travel
    • Adoption of technology, such as usage of video conferencing in the stead of travel, is also an alternative
    • However, the threat of substitutes is low–moderate, fear among consumers is high due to the impact of the pandemic