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The New York Times interviewed Andrew C. Taylor, chairman and CEO of Enterprise Rent-a-Car, to see if he expects gas prices to affect his company's services. Taylor actually expects the opposite, predicting more Americans will be traveling on the road this summer than last year, with many demanding a rental vehicle. According to Taylor, customers focus on more convenient vehicles for their trip than gas prices, renting larger vehicles such as SUVs to carry extra luggage, etc.  Of course, he acknowledges that people may be more likely to request  smaller cars when driving solo or with few pieces of luggage.
Other issues discussed were the off-airport market trend, availability of "green" vehicles, and demand for technologies such as GPS. More details and link to the extended interview can be found at the link.

[Source: New York Times]

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    • 1 Second Ago
      • 9 Years Ago
      What Taylor expects and what he will actually receive will be two different things.
      • 9 Years Ago
      It is natural that more people will travel for summer than last year. This happens all the time- does not it? The economy is growing and that is why more people will travel in summer. Secondly, travelling in summer is just one time affair and people dont think of gas price. Instead they think of a happy vacation.
      • 9 Years Ago
      I think Enterprise is a great company. They have excellent prices and the cars are just as nice as Hertz or Avis. If you need a cargo van they are awesome you can get oen with unlimited miles for 50.00 a day.
      • 9 Years Ago
      That guy is smart, in saying that families traveling will rent larger SUV cars, but they are limited in what they can do, but if he thinks he is right, why are so many rental companies squeezed tight on demand for compact cars at this moment? The Wall street journal did an article where rental companys are actually decreasing the price of a SUV relative to the price of a compact and increasing the price to rent a fuel efficient car because the demand for them is so great.

      So sorry steve martin of enterprise, but buying more SUVs for the summer season may lead to a stock drop.
      • 9 Years Ago
      Glad I'm not the only one that thinks he looks like Steve Martin. I even made a separated at birth thing with the two of them.