Climate modifications, financial pressure, the cost of standard fuel, gasoline and diesel, have all

Today's economy is becoming increasingly difficult, not just for consumers but also for businesses and corporations. Today's business hilton hotels in paris owners need to be considering the economic climate and environment, if they do not they will struggle to compete hilton hotels in paris and succeed; thus, the basis of why Lotus Rental Vehicle Business must add the Toyota Prius to their fleet of rental cars. Customers aren t traveling and not spending as a lot as they once did. Customers are fearful of what is to come in our economy; hilton hotels in paris consequently, businesses need to focus on the requirements of the consumers in order to alleviate some of their fears. Adding an option fueled vehicle towards the Lotus Rental Car fleet will award customers an opportunity to rent a car which will allow them to take a trip at a reduced fuel price. Additionally, getting hybrid vehicles available for customers to rent will allow consumers the opportunity to test drive a hybrid vehicle at their leisure to discover if a hybrid will accommodate their needs. Lotus should explore all elements of adding the Toyota Prius to their fleet before making the final choice. The pros and cons have to be addressed before adding any hybrid car towards the fleet. The Toyota Prius appears to be the perfect hybrid car to get a rental car company to add to their fleet, because the Prius has no special fuel requirements. Within the following paragraphs the pros and cons will be addressed. Typically the Prius possesses hilton hotels in paris much more positives than negatives; however, each must be identified.
The initial cost and possible repairs price from the Prius may be substantial. hilton hotels in paris In spite of vehicle prices and the price of a mechanical specialist, Lotus Rental Cars should buy option fuel vehicles to add to their fleet. Lotus would be making a wise monetary decision in merging Alternative Fuel Autos (AFV) into their rental inventory. There could be increased market shares; higher Environmental Protection Agency (EPA) rated autos, and a good consumer opinion for providing environmentally friendly autos at a competitive price.
Climate modifications, financial pressure, the cost of standard fuel, gasoline and diesel, have all had an impact on the recession of consumer car rentals. Customers are becoming much more conscious of fuel usage, and the impact that standard gasoline and diesel have placed on them financially. Customers in today's communities aren t interested in rental vehicles because of the rising cost of fuel. Consumers have avoided taking vacations because of the rising fuel price. The cost of standard fuel, gasoline and diesel, has decreased the number of consumers traveling and renting vehicles. The demand for customers within the car rental industry is high. Thinking about saving cash in addition to the atmosphere, customers have turned towards alternative fuel vehicles. Alternative fuel vehicles are developed to run on ethanol, biodiesel, all-natural gas, propane, and hydrogen. The TOYOTA MOTOR SALES (2008) stated, "The buy price of a 2008 Prius is minimal at $21,500." Prius, an option fuel car, will have a good financial influence on Lotus Rentals.
Lotus Rental Cars feasibility of adding option fuel autos to the fleet would increase consumer fuel efficiency and the businesses recognition with clients. In today's society monetary downfall and the cost of regular fuel, unleaded and diesel, has discouraged consumers from renting autos. Constructing a fleet of option fuel autos for Lotus Car Rentals would increase consumer consumption. There has been an improve within hilton hotels in paris the advertising of alternative fuel autos. The vehicles have proved to be attractive for numerous reasons. Consumers have driven alternative fuel vehicles not just to shield the atmosphere, hilton hotels in paris but additionally save cash. The interest in the marketplace is growing for these vehicles. It would be sensible for Lotus to lead the market by supplying this service to the consumer.
hilton hotels in paris The Toyota Prius has been awarded the 2006-2007 hilton hotels in paris Best general worth from the year, 2007 Lowest fuel price, 2007 Best retained value, hilton hotels in paris 2007 Lowest operating price, 2007 Lowest ownership price, 2007 Kelly Blue Book's greatest resale hilton hotels in paris value award, and the American Lung Association's, "2005 President's Circle Award" (TOYOTA MOTOR SALES, 2008). The Prius has a zero evaporative emissions reading and is constituted as a partial zero emissions car (PZEV).
As a result from the findings and study, providing the opportunity for consumers to rent these alternative fuel vehicles not just saves them in the pocket book but is kind to the environment. Lotus autos are extremely attractive and possess a high satisfaction rating. hilton hotels in paris Customers would receive the luxury of comfort, comfort, and monetary savings. Introducing alternative fuel vehicles hilton hotels in paris in to the fleet of Lotus Rental cars will be cost-effective whilst supplying the consumer the appearance of becoming environmentally friendly. hilton hotels in paris Lotus will encompass hilton hotels in paris the elaborate monetary acquire of consumers wanting hilton hotels in paris to acquire rental vehicles from them.
An additional positive attribute to adding the Prius to the Lotus fleet, will be the Prius could potentially make Lotus cash on the resale value from the Toyota Prius, ought to they elect to add this vehicle to their fleet. Historically, hilton hotels in paris the Prius features a very high resale worth. The Toyota Prius is presently a extremely desired car. Used Priuses continue to sell for as much, if not more, than the new Prius because individuals either can not wait or prefer not to wait to get a new Toyota Prius.
hilton hotels in paris In the past, a utilized Prius could effortlessly acquire hilton hotels in paris $1000-$3000 above the new selling cost primarily due to the wait time for a new Prius can be up to 6 months. Ultimately, the extended wait time, result in Toyota growing their hybrid production, which now stands at 100,000 units becoming created this year alone. Consequently, the average wait time for a Prius has dropped to approximately 2 months. This improve in provide has decreased the profitability of Prius flipping great news for purchasers. (Hybrid Shopping: Resale Worth of Prius Slowing, 2005).
The feasible negative problems to the hybrid vehicle need to be addressed before creating hilton hotels in paris the decision to add an option fueled vehicle to the Lotus fleet. Probably the most well-liked hilton hotels in paris concern hilton hotels in paris about a hybrid car will be the battery. These issues center around how lengthy the battery will final and how costly the battery would be to replace. In addition, some are concerned that these big nickel metal hybrid batteries are poor for the atmosphere. Nevertheless, these big batteries are recyclable, just as the lead batteries in gas only autos are intended to become. The hybrid batteries are guaranteed for 8 years; however, they re extremely costly to replace, upwards of $4900, when the time does come to replace it if the battery is not under warranty.
If one is involved hilton hotels in paris in an accident with a hybrid car, high voltage electricity might be dangerous to these involved. Nevertheless, the batteries are now becoming manufactured in such a way that the battery will shutdown within hilton hotels in paris the occasion of an accident. Since the automatic shut down of the battery isn t fool proof and things can go wrong, emergency crews are participating in unique training relating hilton hotels in paris to hybrid car accidents. Outside from the possible high voltage risks, the Toyota Prius is just as safe as its counterparts.
The fuel savings alone may not be sufficient enough to create up for the big initial price of buying a hybrid vehicle. Toyota and Honda cost their hybrid cars roughly $3000 greater than the gas only counterpart; therefore, making it hard to get a consumer to justify the initial price of purchasing a hybrid car. According to a recent study of hybrid vehicles by Consumer Reports, only two from the six hybrids studied hilton hotels in paris (the Prius and the Civic), produced up for their initial costs within the 1st five years of ownership. This included the federal tax credits which happen to be provided; nevertheless, nearby tax credits weren t included.
Additionally, repair expenses may be substantially higher on a hybrid. Even though hybrid cars happen to be reported to be very dependable, ought to something go incorrect with the electric engine or the 'hybrid' component of the car, repairs will have to be performed usually by the dealer or a certified technician, which generally charge much more for repairs. Of course, this really is accurate whenever hilton hotels in paris any major system inside a car malfunctions. In contrast, some fundamental upkeep requirements will price much less inside a hybrid, for example, the require for oil modifications is much less frequent in a hybrid vehicle. (Hybrid Vehicle Review, 2006)
Following going via the good and negative things concerning the Prius one can only come towards the conclusion that in the situation of Lotus Rental Vehicle Company, Priuses should hilton hotels in paris be added to the fleet. The negatives, higher initial price and possibly much more expensive upkeep are far outweighed by the require for new company and the increased clientele obtained by adding Priuses to the rental car fleet, will create.
The scenario in our economy is dire. Many businesses are losing cash and in big amounts hilton hotels in paris and ways to prevent this must be discovered. In this situation of Lotus Rental Vehicle Business there not only is a solution which will stop losses but set up a bright future filled with big marketplace share percentages and high returns. This answer is clear; add Prius rental cars to the rental fleet. Permitting clients to rent a vehicle that s environmentally clean and uses little gas opens up many doors of company for Lotus Rental Vehicle. As has been shown the market in the United states rental vehicle arena is shifting, the demand for both environmentally hilton hotels in paris friendly and low fuel economic climate autos is growing quickly. The Prius Hybrid proposed meets each these criteria. The car is really a Partial Zero Emmition Car (PZEV) creating it one from the cleanest cars on the road. Together with having excellent emissions the