Michelin tyre policy sees Hertz enjoy 23% spend drop
By Kelly Mason
Thursday, May 29, 2014 - 13:30
IMPROVEMENT: 23% spend drop for Hertz
Hertz have recorded a 23% drop in their average tyre spend per vehicle, just two years after adopting a Michelin tyre policy.
Figures show that the average total cost of ownership of tyres per Hertz vehicle has dropped almost a quarter since 2010.
When using generic tyres in 2011, the cost of tyres per vehicle dropped by 2% compared to the previous year.
After the business adopted a Michelin tyre policy in 2012, the average cost initially increased by 3% compared to the 2010 figure.
A year later, the average total cost of ownership of tyres per vehicle had dropped by 23% compared to 2010.
Neil Cunningham, General Manager at Hertz UK, said the reduction in average cost per vehicle could be attributed to the longevity and durability of Michelin tyres.
He added that the saving was particularly important as, over the same time period, the size of Hertz UK’s fleet has increased significantly.
“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,” he said.
“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.
“We were also very impressed with the safety track record of Michelin tyres, and that the company shares in our sustainability values.”