27 Aug 2024 | 3 min read
In the ever-evolving landscape of telematics and connected vehicle services, traditional solutions are increasingly proving inadequate for the dynamic needs and diverse use cases of short-term car rentals. The economics of outdated telematics systems often fail to deliver a return on investment, making it crucial to adopt a more holistic and flexible approach.
The bar is higher today to truly empower your organization to be at the forefront of the mobility revolution. In this market environment, you need to innovate in fleet management, cost reduction, and operational efficiency to truly make the most out of your assets. At the same time, you can’t avoid planning to increase the value offered and captured. You are probably in the process of developing new products and services to delight your customers through superior customer service and digital experience.
As an ambitious short term car rental leader, you should think about truly mastering the following key use cases – which are simply not possible without a complete and reliable connected fleet solution:
Keep control of the fleet through real-time monitoring for stolen vehicle recovery. Set up geofences and alerts to know when a car is close to or accessing unsafe zones. Prevent theft, and when it happens immediately recover all your vehicles to save big every year.
Leverage automated fuel and mileage data update at each pickup / dropoff. Automate extra charges for fuel and mileage. Get paid for all the fuel effectively used by the customer by leveraging precise fuel level measurement.
Keep your fleet health status under control through real-time alerts on battery voltage, engine faults, and tire pressures. Avoid breakdowns and idle times.
Set up skip-the-counter solutions to cut costs, increase rentals, and provide a great customer experience. Allow your customers to rent 24/7, skip the queues, unlock the car via smartphone, and return any time. Offer new premium packages, unlock revenue streams, and boost your brand.
All this should be planned while keeping laser focus on the health and growth of your day-to-day business. Challenging, right?
Add on top that the increasing proliferation and fragmentation of telematics solutions and connected vehicle platforms make it a nightmare to trigger the flywheel of connected mobility value.
Navigating these complexities requires a strategic approach to selecting the right partners. You should choose a Connected Vehicle Partner who can master the orchestration of hardware and software, aftermarket telematics and OEM connections, data and remote interactions, APIs and dashboards. A robust solution should merge top-tier aftermarket hardware with OEM fleet data APIs into a reliable, fully-integrated service package that smoothly integrates the data and functions you need, where you need them.
And which are the factors to be considered when evaluating your Connected Vehicle Partner?
