Operations

Fact Book: Industry Income and Your Fleet

Posted on May 3, 2010

Industry Income: Corporate/business revenues fell dramatically in 2009, which is not a surprise given the recession and backlash against business travel. Average revenue was down, reflecting the troubles of corporate/business oriented operators. But the median revenue held firm, indicating smaller operators adapted to the challenges and either took over other operators or diversified their client base.

Your Fleet: Fleet size held steady, despite the economic headwinds. Trend lines of recent years deepened, with more emphasis on practical vehicles and less demand for stretch limousines. Look for operators to buy more on fleet vehicles in 2010 compared to 2009.

To see statistics on industry income and fleet, click here.

Related Topics: business growth, research and trends, surviving the economic downturn

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