Why Do People Rent Passenger Vehicles? Evidence from Canada

The remarkable increase in vehicle ownership over the past six decades has placed great emphasis on studying travel demand in urban areas. The transportation literature has traditionally focused on the decisions made by households to own private vehicles. However, there is a clear absence of any study which looked into the temporary rental of vehicles to meet personal travel needs. The majority of the existing studies on rental fleets have been focused on the optimization of fleet logistics to maximize revenue, which is highly dependent on proper logistics management for car rental companies(e.g. Fink and Reiners, 2006).Understanding consumers’ motivations behind renting a vehicle is as important as fleet optimization. The rationale behind this is that rental vehicle companies would normally invest in acquiring vehicles that are in great demand by their clients. This is particularly the case since rental vehicle companies, like all other businesses, are primarily driven by profit maximization which is dependent on consumers’ demand for particular goods. In this paper, the analysis strives to fill the existing gap in the literature by determining the characteristics of vehicle renters and evaluating the factors influencing the purpose for renting vehicles for temporary use in the Canadian market.

• Record URL:
  • http://ctrf.ca/?page_id=5148
• Corporate Authors:

  Canadian Transportation Research Forum

  ,    
• Authors:
  • Dimatulac, T
  • Maoh, H
  • Khan, S
• Conference:
  • Canadian Transportation Research Forum 53rd Annual Conference - The Future of Canada's Transportation System//L'avenir du systéme de transport du Canada - Gatineau, Québec, June 3-6, 2018
• Publication Date: 2018

Language

• English

Media Info

• Media Type: Web
• Pagination: 1 PDF file, 604 KB, 4p.
• Monograph Title: Canadian Transportation Research Forum 53rd Annual Conference - The Future of Canada's Transportation System//L'avenir du systéme de transport du Canada - Gatineau, Québec, June 3-6, 2018

Subject/Index Terms

• TRT Terms: Automobiles; Conferences; Leasing; Markets; Motivation; Properties of materials
• Uncontrolled Terms: Temporary
• Geographic Terms: Canada
• ITRD Terms: 8018: Canada; 1243: Car; 5925: Characteristics; 8525: Conference; 228: Leasing; 236: Market; 2295: Motivation; 9077: Temporary
• Subject Areas: Materials; Safety and Human Factors; I10: Economics and Administration; I72: Traffic and Transport Planning;

Filing Info

• Accession Number: 01723264
• Record Type: Publication
• Source Agency: Transportation Association of Canada (TAC)
• Files: ITRD, TAC
• Created Date: Nov 21 2019 2:03PM