HERTZ UK SAVES MONEY BY ADOPTING A MICHELIN TYRE POLICY
Stoke-on-Trent – May 27, 2014
One of the nation’s leading car rental companies, Hertz UK, has recorded a 23 per cent drop in its average tyre spend per vehicle, two years after adopting a Michelin tyre policy.
Latest figures show the average total cost of ownership of tyres per vehicle has dropped by almost a quarter since 2010.
When using generic tyres in 2011 the cost of tyres per vehicle dropped by two per cent compared to the previous year. After the business adopted a Michelin tyre policy in 2012 the average cost initially increased by three per cent compared to the 2010 figure. A year later the average total cost of ownership of tyres per vehicle had dropped by 23 per cent compared to 2010.
Hertz UK’s General Manager Neil Cunningham attributes the considerable reduction in average cost per vehicle to the longevity and durability of Michelin tyres which has meant that fewer replacements are needed.
He said that the saving was particularly important as over the same time period the size of Hertz UK’s fleet increased significantly. In addition Hertz’s customers renting any vehicle on its fleet benefit from the improved performance on the road provided by Michelin premium tyres.
“Our business has been growing at a substantial rate year-on-year both in terms of the number of vehicles we have on fleet, and the number of individual rentals our customers have made. Yet at the same time our average cost of tyres per car has come right down because the tyres we buy last so much longer.”
He added: “We were also very impressed with the safety track record of Michelin tyres, and that the company shares in our sustainability values.”
Michelin’s Key Account Manager for Hertz UK, Peter Wood, said: “We are delighted that Hertz UK have been able to record such strong results in a relatively short period of time.
“As a company we are very proud of the research and technology that goes into our tyres, and it’s really rewarding to see this brought to life for our customers when their bills are reduced.”
ends
About Michelin (www.michelin.co.uk)
Michelin, the leading tyre company, is dedicated to sustainably improving the mobility of goods and people by manufacturing and marketing tyres for every type of vehicle, including airplanes, automobiles, bicycles/motorcycles, earthmovers, farm equipment and trucks. It also offers electronic mobility support services on ViaMichelin.com and publishes travel guides, hotel and restaurant guides, maps and road atlases. Headquartered in Clermont-Ferrand, France, Michelin is present in more than 170 countries, has 111,200 employees and operates 67 production plants in 17 different countries. The Group has a Technology Centre in charge of research and development with operations in Europe, North America and Asia. (www.michelin.com)
About Hertz
Hertz operates its car rental business through the Hertz, Dollar, Thrifty and Firefly brands from approximately 11,555 corporate and licensee locations in approximately 145 countries in North America, Europe, Latin America, Asia, Australia, Africa, the Middle East and New Zealand. Hertz is the largest worldwide airport general use car rental brand, operating from approximately 10,090 corporate and licensee locations in approximately 145 countries. The company’s Dollar and Thrifty brands have approximately 1,400 corporate and franchise locations in approximately 75 countries. Hertz is the number one airport car rental brand in the U.S. and at 130 major airports in Europe. Product and service initiatives such as Hertz Gold Plus Rewards, NeverLost®, Carfirmations, Mobile Wi-Fi and unique vehicles offered through the Company's Adrenaline, Dream, Family, Fun, Green and Prestige Collections also set Hertz apart from the competition.
For further press information please contact:
David Johnson, Michelin Press Office
Tel: + 44 (0) 1782 402341 Email: d.johnson@uk.michelin.com
Lucy Harvey at Garnett Keeler PR, Inver House, 37-39 Pound Street,
Carshalton, Surrey, SM5 3PG
Tel: +44 (0)20 8647 4467 Fax: +44 (0)20 8544 4711 E-mail: lucy.harvey@garnettkeeler.com
MICHF/193/14
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