Businesses from all industries are feeling the effects of the pandemic. In many locations, the threats and problems that have arisen as a result of the global lockdown are vast and insurmountable. Several sectors are on the verge of shutting down, with pay and worker reductions becoming the norm.
This means that sections that are unable to deal with the sudden shutdown will be brought to an end, while those that adjust to the new situation will remain operational. However, while this is true, the rental automobile sector is a different situation.
As businesses reopen amid efforts to restrict the outbreak of Covid-19, the need for mobility services is more important than ever. With individuals seeking to avoid public or shared transportation to avoid contracting the virus, and the idea of purchasing a private car taking a backseat due to the current recession, furloughs, and pay cuts, the demand for self-drive vehicle rentals will undoubtedly increase, according to the chiefs of self-drive vehicle rental companies.
COVID-19 has unquestionably altered the fundamentals of our economy. What was the norm until 2019 has become obsolete in recent years? As a result, each industry must adjust to the new standard. To that aim, the automobile rental sector is well-equipped and ready to serve its consumers.
Car subscriptions are predicted to experience an exponential increase in demand, especially given the present recession. Car subscriptions can be a better choice than ride-hailing, as well as a more economical and faster manner of getting a car, providing a secure personal mobility replacement. You can read all about it in this elaborate blog by RentCubo.
The Growth in the Midst of Pandemic
Carpooling or sharing transportation is a thing of the past. The most major emphasis during the pandemic-induced lockdown has been on self-quarantine and maintaining a social distance. There is an increasing sense of unease about the cleanliness and security of one’s immediate environment.
This is when the rental car comes into play. People are resorting to rental automobiles for transportation, rather than the pre-pandemic habit of sharing with other passengers. It’s not as if the rental program didn’t exist prior to COVID. Even before the outbreak of the epidemic, it was booming.
The global financial crisis has only encouraged the uptake of rental automobiles to unprecedented levels. It actually works pretty well for automobile rentals on a macroeconomic level, because you can deliver something that is sanitized, clean, individualized, private, and inexpensive.
The Advent of Subscription Model
In recent years, the subscription service has become the image of the car rental industry. This concept has been popular, especially among the younger generation, because it allows customers to enjoy brief ownership of a vehicle without having to worry about additional expenses such as service and insurance charges. Service providers are going to great lengths to guarantee that the highest levels of safety and hygiene are maintained.
Additionally, they are utilizing cutting-edge technologies like AI and ML to integrate elements such as keyless entry technologies, 24×7 chatbots, and more to provide clients with an exceptional experience. Furthermore, even front-line workers are required to complete rigorous safety training.
Car membership is essentially the most cost-effective and time-efficient method of obtaining a vehicle that is also a safe mode of personal transportation. Imagine having a hatchback or SUV delivered to your door in just one day, with no money down! We offer a variety of subscription choices, but the most popular are one, three, and six months. Car memberships will continue to develop and expand into more flexible arrangements with longer lease terms of 12, 24, or 36 months.
The Demand in 2022
Now in the post-pandemic era, the rental automobile sector has advantages to exploit, fueled by unprecedented demand. The main reason is that car ownership is not without its drawbacks. Maintenance costs and issues like insufficient parking space, variable fuel prices, and growing insurance rates must all be considered. All of these annoyances are ingrained in the thoughts of people who are considering purchasing a new vehicle but are turned off by the prospect.
As a result, the passion for buying new cars has waned in recent years. With an ever-increasing population in metropolitan areas, a shared mobility solution appears to be the only logical step toward a long-term answer. Furthermore, the pandemic has caused numerous people to lose their employment, putting a strain on their finances and limiting their spending to necessities like food and pharmaceuticals. Subscription models are a more convenient option because they have shorter lock-in periods and low prices.
Furthermore, the focus has shifted from ownership to experience. A seamless and safe experience can be had by subscribing to a car. Additionally, subscription-based models are ideal for those who enjoy experimenting with automobiles and prefer diversity because they do not require you to commit to one vehicle for an extended length of time.
The subscription model, in fact, is the most effective approach to retain confidentiality, flexibility, and hygiene. As a result, a subscription to a rental solution is the most sensible option for anyone wishing to enjoy vehicle ownership without paying additional fees. Furthermore, companies in the rental industry are going above and above to provide clients with a superior user experience. They’re employing technology to give their wide range of services a facelift, enabling the subscription model a perennial answer even in the event of a pandemic.
These days, rental cars are among the hottest industries. For people who require a vehicle on a temporary basis, hiring a car is often a cheap and practical choice. Car rental is popular not just with vacationers, but also with businesses.
Due to a drop in new car sales in recent years, dealerships have opted to rent out the automobiles on their showroom floors as a lease stream. With the Coronavirus wreaking havoc on the automobile market, it’s no surprise that car dealers are turning to rentals to make ends meet.
Given the uncertainty around how the epidemic will progress and its impact on an already unstable economy, it’s hardly a surprise that more dealerships will get on the rental bandwagon. The American Car Rental Association’s house organ, Auto Rental News, recently released a factsheet for dealers who want to use that rental option.
Now, the car rental industry is expanding with a large fleet that includes a plethora of parameters to consider before starting your very own car rental business. In this blog by RentCubo, we will take a deeper look into one of the most wanted and profitable rental solutions.
Car Rental Software and their Benefits
Leasing a vehicle for a specified period of time can be an excellent alternative for businesses that want long-term automobile rentals. Companies prefer to hire an automobile for a minimum of three years.
Flexible pricing and usage:
They can save money on monthly fees that may not have to pay for customizations upfront. Businesses can also take advantage of affordable maintenance packages and extensive services from a variety of commercial car rental companies. However, due to inefficient use, personnel turnover, or inadequate vehicles for their intended function, some firms find their rental automobiles sitting idle.
Many businesses lease or hire cars before even determining whether they are fit for its intended purpose. It’s critical to evaluate car utilization in terms of its purpose, from passenger capacity to fuel economy.
Every company has its own set of requirements when it comes to selecting a vehicle. Every event necessitates a distinct vehicle type, whether it’s a business trip, a customer visit, or a workplace outing. Businesses can choose from a wide range of automobiles provided by business car rental firms.
You can be confident that your cars have a complete service and maintenance history when hiring a car for a company event or for a long or short length of time. The additional benefit of renting a car for a business over buying one is the significant cost savings. Savings on unforeseen fleet downtime, operational expenditures, and time spent on non-essential administrative chores are also included. When your automobile breaks down, the car rental company would take responsibility for the maintenance and service schedule, so you don’t have to worry.
When a company decides on a rental car service, they need to be able to get all of the necessary information about their reservation in one place. Most automobile rental companies offer a 24/7 customer support portal where you can arrange and manage all of your reservations in one spot. It also provides extensive information on the entire price of the car hire. It also allows you to extend your renting period.
Optimization of Car Rental’s Fleet Management
The days when fleet administration was done manually are long gone. Modern telemetry platforms are employed for this purpose in this current digital world. The needs of a car rental firm differ from those of other fleet businesses. As a result, selecting a management system that can effectively meet all of the needs is critical. Using car rental software in conjunction with a fleet management system can boost efficiency and production.
As new clients come to hire out vehicles, the rental car software deals with the registration process on an almost daily basis. With a huge number of applications to process, handling the registration process can indeed be difficult at times. Managers can check all of the information of the accessible cars and drivers before introducing a new customer thanks to the integration of a fleet management system.
The car rental company follows a set of norms and regulations. There are specific cars assigned for leaving the station, for example. Now the fleet managers want to make absolutely sure that the customers are adhering to the guidelines, and GPS navigation is one way to do so. The inclusion of the live tracking feature provides real-time information on the exact location of each vehicle.
A rental car software system that is coupled with a tracking system can assist in fleet maintenance. A complete car maintenance schedule can be performed in order of importance. As a result, the most deserving vehicles receive priority care, preventing major damage to their general health.
Sensors are used in the most recent tracking systems to set maintenance warnings. In the car rental system, this feature can be extremely useful. The user of the rental system can receive notifications for essential vehicle maintenance, ensuring that the fleet is in good working order.
Accidents are the most common hazard in the rental industry. They not only result in financial losses, but they also entail legal issues, making things much more problematic. Companies must assure not only the security of their vehicles but also the protection of their drivers. The fleet management system’s vehicle protection features come in help in this situation.
Car rental has been a popular option for businesses. The five reasons listed above demonstrate why hiring an automobile is an excellent solution for your company. It not only helps employees save money and time, but it also helps you stay on top of your obligations as an employer.
Have you ever tried to book a car over the phone when all lines are busy, or in a noisy location where speaking is difficult, or vice versa, in a place where you must be quiet? Isn’t it a challenging task at times?
Life in the modern world is hectic and fast-paced. It’s understandable that individuals would want to get their hands on anything that can help things run more quickly and easily. The development of website like Zoomcar has tremendously simplified the entire process of renting a vehicle. It also makes it easier for automobile rental companies to compete on an equal footing.
According to estimates, the global car-rental sector would be worth $124 billion by 2022. The industry’s prospects appear brighter than ever, with car sales hitting saturation and people choosing to use cabs and rented cars. It’s no wonder that many entrepreneurs see this as a potential business opportunity.
For nearly a century, Sixt in Germany and Hertz in the United States, for example, have been renting automobiles. These companies’ websites became the principal source of information on vehicle availability and rental costs after their clients were given the option to reserve cars online.
Following the success of firms like Sixt and Hertz, a slew of new vehicle rental companies have sprung up, and many more are in the works, all of which require competent car rental software. RentCar has written a detailed article on how to create automobile rental software for your company.
To build a high-quality automobile rental system that is both smooth and effective for all customers, a lot of planning is required. The first step is to build a car rental website like Zoomcar, plan the database and service structure, and develop user scenarios that show how the system could be used. The characteristics of car rental software are chosen to ensure that the product works smoothly.
We frequently recommend starting with the MVP. A Minimum Viable Product (MVP) is a product with only a few features that may be launched to test the market and the product. The product can be improved and polished in successive versions. It’s also time to emphasize the MVP features at this point.
After you’ve completed the first round of research and planning, you may begin designing. The major focus should be on UI simplicity and efficient usage of company identification when it comes to vehicle rental website design. Since developing an online car rental reservation system isn’t the same as creating a platform, the same goes for the mobile app design you produce.
No successful and convenient service system can be developed in today’s society without the use of mobile apps. It’s vital to consider many user groups in your system and applications, and perhaps provide alternative UIs for each, each presenting a different User Experience.
You can move on to develop after you’ve decided on the overall design and functionality, which should be divided down into iterations. At this point, the front-end and back-end programming, as well as the necessary integrations, have all been agreed upon. At this time, you should consider the API. What is the API’s purpose? Without API scaling and mobile apps, development for multiple platforms would become time-consuming and expensive.
The app should have the ability to pay for the service. Net banking, phone banking, PayPal, credit or debit card payments, and online payment wallets are just a few of the essential payment options that should be included in your app to make the payment process as simple as possible for the customer.
Whether it’s an MVP, which we normally advise our clients to start with, or a full-featured version, testing begins as soon as development is completed. We check the generated products using automated methods, manual methods, or both, depending on the project needs and contract. If there is a mobile app, we can help with its submission to Google Play and the App Stores because we are aware of all of the specifics. We are always eager to share our expertise and reduce the time it takes for our products to reach the market.
App developers like RentCar on improving and optimizing the solution that was built and released in a significant number of projects after it was launched. This stage is optional for each customer; nevertheless, we encourage that all customers sign post-support agreements because it includes additional development, maintenance, bug patches, stability checks, infrastructure testing, monitoring, and updates.
It is critical for any firm to make effective use of accessible data if it is to succeed. This function can be used to acquire information such as the current number of automobiles on the road, which route is the busiest, and which bottlenecks are sapping revenues. This feature will supply all of the business intelligence needed to run the company smoothly.
Development Cost of a Website like ZoomCar
The cost of developing a car rental app ranges from $22,000 to $27,000, depending on the app developers you choose and the technologies and features you include. Zoomcar, a more advanced software with more advanced and luxurious user-oriented features, will cost between $35000 and $45000. Having a greater grasp of what it takes to design a car rental website like Zoomcar, India’s leading car rental company, would give you a better idea of the niche components.
The success of your app will be heavily influenced by the quality of your app. You should hire a competent app development business to help you make your app a success. When it comes to creating a great app, the experience that a professional app development firm brings to the table is vital.
Although the out-of-the-box solutions are as lovely as gold, they offer the same functionality to their customers. You can customize such software, but you can’t upgrade or add new features to it. You may even be forced to pay for things that your company never uses.
Automobile industries are booming like never before, thanks to the Internet of Things (IoT) expansion. According to a Statista report, 79 million cars were to be sold by the end of 2019. The demand for cars and motorcycles is growing by the day, as is the trend toward self-driving vehicles.
If you’re planning a road trip, what’s the first thing that comes to mind? How should I proceed, most likely? Or what is the best mode of transportation for the journey? Even if you own a car, you’ll prefer self-drive rental cars because they make it easier to carry out your travel plans. There will also be no need to deal with drivers or change arrangements based on personal preference.
It’s time to launch an online rental car booking business if you want to increase your internet sales. Particularly in the self-drive rental automobile industry! Well! Self-driving automobiles are not a new notion. However, there is still a small trend of renting them online in a well-managed manner.
So, before you could start your new business, there are a few things you need to consider. This blog by RentCar, one of the global leaders in self-driving car rental app development, will assist you in launching your business.
Assess the Trends in Car Rental Startup:
You must keep up with market trends if you want to vie for leadership in the automobile rental sector. If your startup obtains substantial funding, it’s a strong sign that you’re on the right track. Explore scale-ups, firms that have recently received financing in your specialty and assess their inherent ideas, technologies, and features before writing any code or drawing any pixels.
Research the Market you Wish to Enter:
In most circumstances, determining whether or not to enter a market is based on weighing the benefits against the dangers. When it comes to opportunities, it’s important to remember that the global automobile rental market was worth $98.14 billion in 2020 and is predicted to increase at a CAGR of 4.6 percent from 2021 to 2028.
North America has the largest market share at 52%, with the United States being the largest. Since it is the world’s largest corporate hub and home to the most popular tourist locations, the United States supplies automobile rental companies with an inexhaustible supply of consumers.
At first, launching your automobile rental mobile app startup in the United States appears to be a good idea, right? Reconsider your strategy because Hertz has 424,000 cars in service, Enterprise has roughly 630,000, and Avis/Budget has about 440,000 and all three companies are headquartered in the United States.
Assess your Competition and their Strengths and Weaknesses:
As a new entrant, you need to take a closer look at the established players in the car rental market. This is a crucial step in the development of a proficient self-drive car rental business because the learning curve they present is enormous. Why is it necessary to assess their strengths and weaknesses? First, every business including the global leaders are prone to have weaknesses as much as they have their strengths. Second, by assessing their strengths and weaknesses you can fortify the strengths and mitigate the weaknesses effectively.
In addition, you and your business team can come up with efficient problem-solving strategies for all possible scenarios by assessing their weaknesses. This will help in the immediate implementation of solutions to problems as and when they arise. Moreover, assessing the strengths and weaknesses will also help turn around your business with lesser weaknesses and optimized strengths.
Make Yourself Known To Your Customers:
Aside from evaluating your competition, talking directly to your existing consumers is another effective way to uncover app features you need to provide to service clients as well as possible. Forbes published a series of stories in 2020 with intriguing information discovered via consumer development interviews conducted by Enterprise Holdings, Carpassionate, and Europ Assistant experts.
During one-on-one interviews, you may discover consumers’ unmet needs or demands that you were unaware of, or you may discover customers’ lack of interest in things you thought were vital. The more you study what clients are saying today, the better your app will be able to serve them tomorrow.
Prioritize the Features of Car Rental App:
Adding functionality to your app can boost client value while also increasing your costs. The quality of your preliminary market research, competitive analysis, and customer development will determine how smartly you prioritize app features for your mobile app MVP and post-MVP versions. Consider going beyond normal functionality and incorporating some sophisticated features to make a competitive vehicle rental app.
Define the Profitability Before Hand:
If you decide to change the method your app makes money in the middle of development, you’ll have to change the UI/UX design, frontend and backend development, and project scope. It will take a long time and cost a lot of money. To avoid this, you must first figure out how you’ll monetize your vehicle rental mobile app before moving on to the design and development stage.
Choose the App Development Team:
You’ll need to work with the correct mobile app development team to get your vehicle rental app up and running. We’ll go over four key criteria for determining whether a possible development team is capable of delivering cutting-edge car rental software on time and under budget.
- Take note of the software development life cycle model that they employ.
- Examine the technology stack that your potential developers intend to use.
- Remember that your possible development team must have the essential specialists with the appropriate expertise to meet your project’s system requirements.
- Don’t get caught up in the scam of “cheap and best”. If you need the best car rental app you need to spend for what it’s worth.
Owing to the increased demand, automobile rental apps have gained a lot of traction, and the use of these mobile apps is on the rise. These apps let users put their booking orders on the app and receive notifications with information on the car’s details and arrival times. So, if you are looking for the best self-drive car rental app like ZoomCar, RentCar can provide you with the best platform.
The greatest software technology for managing a car rental business is robust car rental software. With automobile rental management software, you can take online reservations and payments with ease. This platform can also help you manage your fleet better. Car rental monitoring, driver management, location mapping, billing & invoicing, penalties management, inventory management, and many more functions are included in the car rental software for your car rental business.
The car rental software allows drivers and passengers to converse quickly. The customer can locate the driver, and the driver can locate the customer. You can also track your business activities with the software’s real-time reporting feature. This software allows you to quickly track the status of your vehicle, thus there is no risk of vehicle theft if you use it.
Car rental software is the finest answer for you if you are in a car rental company and need the best solution to run your business. RentCubo, a prolific the best car rental software development company, offers a unique assortment of top-rated car rental management software. Let’s have a look at what we’ve got.
RentCar, the brainchild of RentCubo, is an on-demand car rental business solution provider. RentCar’s car rental business software makes it simple to launch a self-driving car rental company. The administrator, fleet owner, and passenger all have their own dashboards in the automobile rental script.
It is also one of the few software developers that provide highly interoperable applications that are supported by all operating systems. It is also one of the first and best car rental software development companies that have integrated crypto payments enabling a global reach and enriching the overall user experience.
It’s a piece of software that automates business procedures, giving you complete control over your car rental and quick order processing. Suitable for both large fleets and individual car owners. Order management is substantially simplified with its assistance, and each car’s revenue and profitability are increased.
You can successfully optimize your business using RentSyst in order to simplify fleet management and make the most out of all processes. RentSyst also has a mobile version, allowing you to use the app directly from your smartphone.
It is a Windows-based multilingual software package that helps all types of automobile rental businesses increase productivity and revenue. The app is a low-cost and most effective solution for car rental companies because it has a user-friendly system and numerous features such as Quickbooks integration and rate administration.
EasyRentPro provides sophisticated features and custom functionality to aid in the smooth running of day-to-day operations. Hundreds of developing countries use EasyRentPro, which was founded in 2006.
Rent Centric is a complete software package for car rental companies. The particular car rental software can be used to hire cars, motorcycles, P2P rentals, and RVs. On your tablet, the mobile agent software allows the company to keep track of the vehicle.
Automated capabilities such as digital signing agreements, snap car inspection, videos, and images, automate driver’s license entry, and other out-of-the-box features are all included in the software. Rent Centric is concerned with the smooth operation of the company and the improvement of efficiency through automation.
HQ Rental Software is a prominent Retail and Consumer Services product that provides a comprehensive fleet management system, real-time availability, online payments, and online reservation services.
With a variety of features, HQ Rental software assists automobile rental companies in increasing their productivity and taking their business to the next level. Companies can keep track of maintenance schedules, report on them, and set up business rules and protocols for cancellation thanks to the simple management configuration.
Cars+ Rental is one of the most powerful and speedy automobile rental software applications available. This real-time software gives car rental companies a customizable platform. The unique features enable the company to track multiple bookings from several places and provide tools for accounting and reporting.
Cars+ Internet is a hands-on software solution for businesses looking to expand into new markets. This unique automobile rental software is adaptable enough to satisfy all types of sales-driven requirements, regardless of the size of the company.
Navotar is cloud-based software that can be customized to match the needs of any car rental company. Navotar is a fleet management solution for independent and franchise vehicle rental firms of various sizes.
The approach focuses on the business’s most important requirements and stresses operational efficiency. The solution was created with a low learning curve in mind and is simple to use. The features are adaptable and may be tailored to fit unique customers or corporate processes, whether it’s a contract, reservations, or invoicing.
RentWorks is a Windows-based automobile rental software that offers tailored and cost-effective solutions to every car rental business on the market. With a high-speed interface, the software allows businesses to focus on their energy. It tailors the tools to fit every aspect of your company’s needs.
The software is backed by the greatest customer service in the market, and it is updated on a regular basis to keep up with new trends. RentWorks provides a standard support package to its valued clients on a regular basis at no additional cost.
Schedulebull is a robust web-based software that allows clients to rent a car or book a hotel with just one tool. Schedulebull is a hotel management system, a hostel management system, and a fantastic vehicle rental management system. Through its cloud-based system, the software allows clients to compare room records, generate automatic reports, generate contracts, and administer their websites. Aside from providing a competitive service, the best car rental software offers reasonable costs for its superiority.
Car rental service has evolved as a new business trend, as opposed to the past, when it was geographically limited. Even if geographical barriers have not been completely eliminated, the nature of functions and the methods for obtaining them have changed dramatically since the internet’s inception.
Customers can now rent a car while sitting at home, saving a lot of time that would otherwise be spent on physical registration and paperwork. As a result, internet automobile rental services are becoming increasingly popular, and RentCar is becoming increasingly popular among rental organizations.
Have you ever tried to get a car over the phone with all lines busy, or in a noisy environment where speaking is difficult, or vice versa, somewhere you must be quiet? Isn’t it a difficult chore at times? Modern life is hectic and fast-paced. It’s no surprise that people want to get their hands on anything that can make things go faster and easier. The advancement of automobile rental software greatly streamlines the entire process of booking a car. It also helps car rental companies to compete on a more level playing field.
Sixt in Germany and Hertz in the United States, for example, have been renting automobiles for nearly a century. After their clients were given the option to reserve automobiles online, these companies’ websites became the primary source of information on vehicle availability and rental rates.
Following the success of companies like Sixt and Hertz, numerous car rental companies have emerged and a lot more are in their developmental stages and they are all in need of proficient car rental software. RentCar brings you a detailed blog on how you can build car rental software for your business.
It takes a lot of planning to create a high-quality automobile rental system that is both smooth and effective for all consumers. The initial phase is to create a car rental website, plan the database and service structure, and create user scenarios that illustrate how the system might be utilized. A car rental system’s features are chosen to ensure that the product functions properly.
Starting with the MVP is something we often suggest. A Minimum Viable Product (MVP) is a product that may be launched with only a few features to test the market and the product. In subsequent iterations, the product can be enhanced and refined. At this point, it’s also time to prioritize the MVP features.
You can start designing after you’ve finished the first stage of research and planning. When it comes to vehicle rental website design, the main focus should be on UI simplicity and efficient use of company identity. The same goes for the mobile app design you create because creating an online car rental reservation system isn’t the same as creating a platform. In today’s world, no effective and convenient service system can be built without the use of mobile apps.
It’s critical to think about multiple user categories in your system and applications, and maybe offer different UIs for each user category, projecting a certain User Experience.
After you’ve agreed on the overall design and functionality, you can go on to development, which should be broken down into iterations. The front-end and back-end development, as well as the essential integrations, are all agreed upon at this point. You should think about API at this point. What is the purpose of API? Development for numerous platforms would become time-consuming and costly without API scaling and mobile apps.
The testing stage begins as soon as development is completed, whether it’s an MVP, which we generally urge our clients to start with, or a full-featured version. Depending on the project requirements and contract, we check the generated items using automated methods, manually, or both. If there is a mobile app, we assist with its submission to Google Play and App Stores, as we are familiar with all the details of how to do it correctly. We are always willing to share our knowledge and shorten the time it takes for our items to reach the market.
RentCar provides post-launch assistance for the solution developed and released in a large number of projects and continues to work on its improvement and optimization. Each customer determines whether or not this stage is required; nonetheless, we recommend that all customers sign post-support agreements because it entails further development, maintenance, bug fixes, stability checks, infrastructure testing, monitoring, and updates.
The out-of-the-box solutions may be as nice as gold, but they provide the same functionality to their clients. You can configure such software items, but you can’t update or add anything new to them. You may even be forced to pay for features that you never use in your organization.