Truck Rental & Leasing
Brief Excerpt from Industry Overview Chapter:
Companies in this industry rent and lease trucks, truck tractors, buses, semi-trailers, utility trailers, and recreational vehicles. Major companies include Cruise America, Hertz, Penske Truck Leasing, Ryder, and U-Haul (all based in the US), as well as LeasePlan (the Netherlands) and Sixt (Germany).
COMPETITIVE LANDSCAPE
Demand is driven by the health of the economy and the housing market. The profitability of individual companies depends on efficient operations. Big companies have economies of scale in acquiring vehicles and customers. Small companies can compete effectively by providing better service, alternative products, or lower prices. The US industry is highly concentrated: the 50 largest companies generate about 85% of revenue.
PRODUCTS, OPERATIONS & TECHNOLOGY
Major services include leasing of heavy trucks, trailers, and buses which accounts for more than 90% of the industry's revenues. Other services include maintenance and repair services, retail sales of automotive fuels, and rental and leasing of motor homes, among other services.
- Industry Overview
- Quarterly Industry Update
- Business Challenges
- Business Trends
- Industry Opportunities
- Call Preparation Questions
- Financial Information
- Industry Forecast
- Web Links and Acronyms
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