This year is going better than many in the motor trade industry expected — new car sales have been surprisingly steady in comparison to predicted forecasts.
However, it never hurts to diversify. Independent consultancy, Network Automotive, have suggested that franchised dealerships move into short-term rental.
Not only will offering short-term rental open up a new stream of revenue, but fill a gap in the market. With demand already there, dealers would be in a position to bring in a supply of used stock and could offer extended vehicle trials for customers.
With the rental industry picking up after a weak few years, it’d be easy for dealerships to move in with their existing customer bases and premises geared up for various motor trades.
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