Description of supply and demand within the US as it relates to the travel industry and auto rental industry post 9/11.

In the past year the auto term of a contract industry has seen some(prenominal) changes. Fewer customers, increased insurance costs, an excessiveness of available letting vehicles and a drastic reduction in vehicle apprise ar just a few. machine renting companies come tried to modify the way they do business in response to these changes. Nationally, term of a contract companies feed cut rates, fleet size of its and tally of employees in an attempt to find offset at heart the market place place. While the attached member was written before the harmful events of September 11, 2001, it does make an splendid case of what is happening now, albeit, in reverse. Supply and expect, as it relates to the renting car market, is a incessantly changing entity. The demand for rental vehicles will vary depending on many factors: holidays, local events, lenify and others. Likewise, the supply of vehicles is affected by many factors: manufacturer pricing, follow size, s eason and most importantly, demand. These 2 factors, and the relationship between them, have combined to create a volatile market within todays auto rental industry. Currently, furnish rental vehicles is not a difficult task. Acquiring rental vehicles from manufacturers supply lines is an equally effortless task. Rental companies are experiencing a glut of vehicles parked on their lots.

This surplus of vehicles is only partly due to a reduced demand upon the rental companies from their customers. The events on September 11th created a massive market sac within the auto rental community, thereby forcing the a uto rental industry to deal with this marve! lous surplus of vehicles. Auto rental companies hoping to scale back the size of their fleets to match reduced demand have been forced to take hold their vehicles due to situations related to the reinvigorated car market. Auto manufacturers are lowering prices across the bill on new vehicles in an attempt... If you want to get a full essay, order it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay