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Industries / Car rental and fleet

Car rental and fleet. Cost: fleet value lost on cars kept too long.

Grip reads rental contracts, damage claims and fleet values, car by car, and names the money parked between them, in AED.

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USD 2.3 billionA US car rental company's write down on its fleet in 2024.
Proven at Avis Budget

Source: Avis Budget Group, Inc., Annual report on Form 10-K for fiscal year 2025. Avis Budget took a USD 2.3 billion impairment in 2024 when it chose to rotate its US and Canadian fleet faster to cut fleet age, plus USD 180 million on cars held for sale, then another USD 518 million in 2025 when it shortened the life of certain US EVs.

3 workflows

Where we start.

8 of 21 changes other car rental and fleet companies made. Open one to see the company.

01

Cash and working capital

Driver debts, damage charges and uninsured claims collected, oldest first.

ReadsStaff receivables ledger by employee statusPayroll deductions fileClaims register with incurred and paid amountsInsurance policies and retentions
Add up what your drivers owe for fines, damage and advances, and collect it.
Proven at Dubai Taxi

Source: Dubai Taxi Company PJSC (DFM: DTC), Integrated Annual Report 2025.

Add up the accident claims you pay below the insurance excess, per car and driver, before you raise it.
Proven at Ryder System

Source: Ryder System, Inc., Annual report on Form 10-K for fiscal year 2025.

List every damage charge and claim billed but not collected, by age, and chase the oldest first.
Proven at ZIGUP

Source: ZIGUP plc (formerly Redde Northgate), Annual Report 2026 (year ended 30 April 2026).

02

Sales and demand

Lease, corporate hire and short rental compared after idle days and damage.

ReadsWorkshop capacity and utilisationCustomer list including owned fleetsTrip records with source fieldApp commission statements, dispatch logs
Sell maintenance and tracking to companies that own their own vans and cars, using the workshops you already run.
Proven at Ryder System

Source: Ryder System, Inc., Annual report on Form 10-K for fiscal year 2025.

Record whether each trip came from the street, your app or another app, and set app targets from it.
Backed by research

Source: New York City Taxi and Limousine Commission (TLC), February 2026 For-Hire Vehicle License Review: Report and Determination.

Compare what each car earns on long lease and short rental after idle days and damage, then shift the fleet.
Proven at ZIGUP

Source: ZIGUP plc (formerly Redde Northgate), Preliminary announcement of results for the year ended 30 April 2026.

03

Operations

Resale values reset twice a year, idle cars moved to busy branches.

ReadsFleet list with purchase priceResidual value set at purchase and contract end dateRental contracts with open and close dates by branchFleet list with location and status by day
Revalue every running car's resale price twice a year by model and age, and adjust depreciation at once.
Proven at Ayvens

Source: Ayvens SA, Universal Registration Document 2025 (filed with the AMF on 9 April 2026).

Measure each branch's rented days against available days every day, and move idle cars to branches turning customers away.
Proven at Hertz Global

Source: Hertz Global Holdings, Inc., Form 10-K for fiscal year ended 31 December 2025.

The money at stake.

Public figures, each with its company and year. An estimate is marked.

USD 1 billion

A US car rental company's write-down of cars and sites after the 2024 peak season.

Proven at Hertz Global

Source: Hertz Global Holdings, Inc., Annual report on Form 10-K for fiscal year 2025. At the end of the 2024 peak season Hertz cut its cash-flow projections and impaired USD 1.0 billion of long-lived assets, USD 740 million of it on Americas rental cars, USD 183 million on international cars and USD 125 million on leased sites.

USD 47 million

A US truck leasing company's write-downs on used vehicles held for sale in 2025.

Proven at Ryder System

Source: Ryder System, Inc., Annual report on Form 10-K for fiscal year 2025. Ryder's fleet business saw used truck prices fall 15% and tractor prices 11% in 2025, cutting gains on used vehicle sales; write-downs on vehicles held for sale rose to USD 47 million from 31 million in 2024 and 20 million in 2023.

Grip at work

What your Grip looks like.

A sample company, in AED. Yours is built from your own files.

Ask Grip a question in a sentence, answered from the record. Sample figures.

What we stand on
01Money first

Every project shows the revenue, cost or cash it is worth, in your currency, from your own files, before you agree to it.

02Every project has proof

Every project runs on a client's Grip, was designed on our own Grip, or comes from a play a named company published, with the document we read it in.

03Your systems as they are

We read the systems you already use. Nothing to move, replace or clean up first.

04Value and money found in 2 weeks

A two-week pilot on one department, your first project live and its money delivered by Day 30, then one fixed monthly fee.

Questions

What car rental and fleet companies ask first.

Three answers, each with one public figure, its company and its document.

Question 1How can AI reduce idle fleet in car rental and fleet?

AI reads rental contracts, damage claims and fleet values, car by car, and names the money parked between them, in AED. For scale: USD 47 million, A US truck leasing company's write-downs on used vehicles held for sale in 2025 (Ryder System).

USD 47 millionA US truck leasing company's write-downs on used vehicles held for sale in 2025.
Proven at Ryder System

Source: Ryder System, Inc., Annual report on Form 10-K for fiscal year 2025. Ryder's fleet business saw used truck prices fall 15% and tractor prices 11% in 2025, cutting gains on used vehicle sales; write-downs on vehicles held for sale rose to USD 47 million from 31 million in 2024 and 20 million in 2023.

Question 2What does an AI transformation programme in car rental and fleet start with?

It starts with the revenue, cost and cash you are losing today, read from the systems you already use. One workflow goes first, usually cash and working capital, read from staff receivables ledger by employee status and payroll deductions file.

Question 3How fast do car rental and fleet companies see results from AI?

A two-week pilot on one department finds the value and money in your own data before you commit. Your first project goes live, and its money is delivered, by Day 30.

The Perspace symbol resting on the water at blue hour

Start with one workflow.

Tell us what you want to fix. In a two-week pilot we find the value and money before you commit.

Discuss your business →See how we work →