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A Little Perspective
2014 – A Wild Ride So Far• Vehicle manufacturers already have recalled more vehicles in 2014 than
any other year in history. • The National Highway Traffic Safety Administration reports there have been
recalls for 37.5 million cars this year in the U.S. • So far this year, General Motors has recalled a total of 15.6 million vehicles
worldwide.• General Motors has already recalled more cars and trucks in the U.S. this
year than it has sold in the last five years.• In March Enterprise, Hertz, and Avis committed to help GM provide loaners
to the nearly 1.4 million owners of vehicles recalled for ignition-switch problems.
• EFFECT ON HERTZ– 98,000 vehicles recalled from our fleet this year– Grounded Fleet (not rentable) – 2% of our fleet last month
The Insurance Replacement Effect• IR is a $16B market• Strategically, Hertz entered this market 8 years ago• Biggest win to date – State Farm names Hertz primary June 2014 –• State Farm is $450M Account – compared to largest corp accounts at $80M• Volume is 30% higher than anticipated
Expertise• A common adage is that it takes 10,000 hours to become an expert at
anything – musical instrument, etc.• June 2014 was my 10 year anniversary with Hertz – which gives me about
20,000 hours on the job• Am I an expert?• No – you are the experts and I continue to need your help
• Who has seen their Hertz Rep locally engaged this year?• Is Hertz a good value?• Is Hertz a good fit for all your customers?• Is Hertz better or worse than it was last year?• 5 Years ago?• Of the “Big 3”, who is the best?
– Hertz– National– Avis
• Does Hertz understand your business and it’s needs?• If you bought Hertz, what would you do?
What Do You Think?