How Innovation Can Determine The Winners As Rental Car Competition Increases

March 28, 2022 9:10 AM

As we move further along in 2022, the rental car industry is finally gaining momentum following a downturn brought on by a combination of the pandemic and the ongoing vehicle shortage. While those challenges continue, demand is growing as travel picks up and markets for rentals expand in Asia and the Middle East. There has also been an uptick in newer companies getting into the game, harnessing technological innovation to meet the needs of a growing client base that demands more from the rental car experience.

Current industry leaders, including the big players like Hertz, Avis and Budget, must make major transformations to keep up with the increasingly digital world driven by the customer experience if they want to remain on top. For the established incumbents, this requires a full transformation of their business as they face more competition from digital-first newcomers. These companies need to accelerate innovation by incorporating more electric vehicles, creating seamless customer experiences and leveraging new types of technology.

‍Read the full article in Forbes by Eliron Ekstein, Co-founder & CEO at RAVIN.ai.

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How Innovation Can Determine The Winners As Rental Car Competition Increases

As we move further along in 2022, the rental car industry is finally gaining momentum following a downturn brought on by a combination of the pandemic and the ongoing vehicle shortage.

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Elevating Fleet Performance: The Cutting-Edge Technology of Ravin AI

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Revolutionizing the Auto Insurance Terrain: A Comprehensive Exploration of AI-Driven Car Inspections

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A Ride Down Automotive's Memory Lane

Ah, cars. They have been with us for over a century, evolving from a luxury for the few to a must-have for many. From being mere machines on wheels to becoming intelligent companions on our journeys. But it's not just about our love for speed or that newfound sense of freedom from the pandemic-induced confinement; the automotive industry has, in its rumbling engines, encapsulated tales of innovation and vision that all of us can find truly enlightening. *Cue the nostalgia* — remember those classic road trips, where the journey was more intriguing than the destination? Let's hop into our time machine (or a well-maintained DeLorean) and travel back 25 years. Ah, the 90s, a time when the Macarena was a global sensation and flannel shirts made a fashion statement. In the automotive world, we were witnessing the infancy of electric vehicles (EVs) and a burgeoning consciousness of the environment. A time when mentioning "electric cars" might have fetched you some bemused glances, akin to suggesting that fax machines might one day be obsolete. Oh, how times have changed!

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The car insurance landscape is being redefined by technological innovation, and a recent article captures this transformation in vivid detail. Focusing on the revolution in vehicle inspection, the article highlights @Ravin AI's groundbreaking solutions, as well as the innovative strides made by industry leaders like @Allstate, @Progressive, @MetLife, @State Farm, and @Allianz. This narrative paints a compelling picture of how AI is enhancing both accuracy and efficiency within the industry, setting new standards that were once considered unattainable.

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Discovering the terrain of car leasing

Car leasing, a novel concept to some, has emerged as a popular alternative to owning a vehicle outright. The possibility of driving a brand-new car every few years, laden with cutting-edge features and sans the burdensome cost of ownership, is a tantalizing prospect for many. Yet, car leasing isn't as straightforward as it may seem; it's an intricate terrain with its unique set of rules, terms, and potential pitfalls. The goal of this comprehensive guide is to help you navigate this terrain confidently, making your journey through the world of car leasing smooth, enjoyable, and rewarding. And as an added bonus, we will introduce you to a trusty co-pilot on this journey – the Ravin AI car inspection app. It's never too early to familiarize yourself with this tool, so why not download the Ravin AI app right away?

How AI and Autonomous Vehicles will Save Lives

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The Trade-In Appraisal Process at a Dealership, Explained

When it comes time to turn in an old car for a new one, some folks prefer to do so at a dealership rather than sell their car privately. Many find the process to be a positive experience; for some, it’s a tax credit while for others, it’s credit towards a new car, or saving time on the selling process. Selling privately involves the headache of sorting through offers, talking to interested buyers, and meeting those potential buyers to show the car. By trading a vehicle into a dealership, sellers save time and can complete a transaction in one day.

Why Digital Vehicle Inspections Are the Key to Improving Road Safety

Manual vehicle inspections often leave customers feeling discouraged and suspicious that they’re being taken advantage of. This can make it less likely to be proactive about regular inspections which can further lead to unsafe cars on the road. Digital vehicle inspections are changing all of this, especially road safety.

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Top 10 Israeli Automotive Startups & Companies of 2022

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Ravin AI's Digital Vehicle Inspection App

Ravin’s Inspect mobile web- app allows anyone to easily conduct a vehicle inspection using just their cell phone. The app is highly configurable, giving customers the ability to adapt the exact inspection steps to their specific requirements. And, because it’s a web-based app, users don’t have to download anything - it can run directly in their browser.

How is AI Impacting the Automotive Industry?

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Artificial Intelligence in the Auto Insurance Industry Will Give More Power to Car Owners

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What Hidden Data Can Do for the Insurance Industry

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Top Automotive Conferences and Trade Shows in 2023

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It's the inspection, stupid (not the grade!): how to ensure objectivity in used car assessments

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Vehicle shortages beef up demand for shared mobility - but how to control accountability when cars swap hands multiple times a day?

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Artificial Intelligence Inside & Outside the Auction Gate

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