Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories

Avis Budget Group Brings Connected Cars to Europe with Groupe PSA Partnership

Avis Budget Group Brings Connected Cars to Europe with Groupe PSA Partnership
  • 6,000 vehicles already in service, with a total of 11,000 connected cars expected by year’s end 
  • Groupe PSA is a leading supplier of connected vehicles to Avis Budget Group in Europe through the Peugeot, Citroën and DS brands

 Avis Budget Group, Inc. (NASDAQ:CAR) today announced the addition of 6,000 Peugeot, Citroën and DS vehicles to its connected car rental fleet in Europe, with an additional 5,000 cars expected later this year. These vehicles will operate across the Company’s Avis and Budget brands in Austria, Belgium, the Czech Republic, France, Germany, Italy, Luxembourg, the Netherlands, Portugal, Spain, Switzerland and the United Kingdom as well as the Maggiore brand in Italy. Connected cars provide customers with an enhanced and more personalized experience, while generating operational and fleet management efficiencies for the Company. Avis Budget Group expects all of its Peugeot, Citroën and DS vehicles to be connected by 2020.

“Leveraging the data from both connected cars and connected travelers enables us to achieve significant cost savings and margin improvements,” said Mark Servodidio, president, International, Avis Budget Group. “Better information, delivered automatically and in real-time eliminates or reduces many of the manual tasks provided by field personnel, resulting in a better customer experience, a more efficient workforce and better maintained vehicles.”

Part of the Company’s commitment to reinventing the car rental experience is ensuring a seamless line of communication from the connected fleet to the Avis mobile app, for example, where travelers can access important information about their rental, change or upgrade their vehicle, locate their vehicle and more. Since the Avis mobile app’s transformative launch in July 2016, usage has grown to over 1.25 million transactions from more than 360,000 unique customers, and has increased customer satisfaction ratings by 20%.

Avis Budget Group will have more than 100,000 connected cars globally this year and has committed to operating a fully connected global fleet by 2020. As part of this effort, earlier this year, Avis Budget Group commenced installations of 50,000 Unified Telematics Platform (UTP) devices, provided by I.D. Systems, more than doubling the Company’s existing fleet of connected vehicles. Last month, the Company announced it had partnered with Toyota Motor Company to deploy 10,000 connected vehicles across the United States in 2018.

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post