Used Cars For Sale In Nebraska – One of the most significant businesses that marks the 20th century is car rental. Car rental agencies primarily cater to people who have cars that are temporarily out of reach or outside of services or travelers who are out of town or owners of damaged or destroyed vehicles who are waiting for insurance repairs or compensation.
In the US, this business began in 1916 when Joe Saunders from Nebraska started his car rental business with his Ford Model T, rented the car to local entrepreneurs and visited. In 1925 Saunders had car rental operations in 21 countries. At that time, The Chrysler Company ran a one-page ad full of bragging that Saunders had bought a $ 1 million Chrysler car.
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Unfortunately in the 1930s, during the Great Depression Saunders went bankrupt.
In 1918, Walter L. Jacobs began hiring the Model T Fords in Chicago and in 1923 his business earned more than $ 1 million in annual sales. Then John Hertz, who owns the Yellow Cab and Yellow Truck and Coach Manufacturing Company, bought a business from Jacobs. General Motors bought Hertz’s Yellow Truck Company in 1926, and named the car rental business as Hertz Drive-Ur-Self System.
Another major rental car agent, the National Car Rental System, was formed in St. Louis, Missouri, on August 27, 1947, by 24 independent car rental operators who hoped to expand their market influence by working together. Among the company’s original founders, once again, Joe Saunders.
In the early 1970s, the industry also moved to a used car business, selling rental cars directly to the public.
Increasing competition in the car rental industry in the 1970s and 1980s led to innovative price wars and gift and bonus programs. This competition caused many companies to struggle financially in 1985. The car rental industry is also an effective marketing tool, because millions of potential car buyers are exposed to the latest models from manufacturers every year.
The Car Rental Industry now carries an inventory of around 1.7 million cars in the US market alone (up from around 135,000 cars in 1965), according to Auto Rental News, which collects information about public and private car rental companies.
According to 2003 data from rental companies, online ordering is important for the industry, with 21% of bookings coming from online agents and 15% directly from the company’s website.
The importance of online ordering is expected to grow even further, helped by the ability to easily compare several rental companies online, which also has to keep prices maintained for the sector in general.
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