The efficiencies provided by this 'brokerage' system means that easyCar can offer customers best prices. The chief executive of Avis admitted as much recently after his company's poor interim financial results. Avis’ Chief Executive Murray Hennessy admitted that his company was losing out to easyCar. “We are seeing structural change in the market place,' said Hennessy. “Volume continues to grow, albeit slowly, but there is pressure on pricing and profit margins' from car-rental brokers and ...online car bookings. (Source: Bloomberg.com).
"This is another example of how the internet is bringing down prices to consumers," said Stelios the serial entrepreneur and easyGroup chairman who founded easyCar. "The real winner in this scenario is the consumer," he continued.
easyCar will continue to grow through brokerage agreements and will continue to add more locations in more countries around the world to www.easyCar.com. |