Car rental companies often encounter operational challenges, such as increased competition, difficulty in attracting new customers, and risks of vehicle damage. Finding solutions for these challenges is crucial to optimize operations and reduce risks. The integration of modern technology presents an opportunity for car rental companies to establish and grow their businesses.
While many owners are familiar with the VOS system, few have explored its intricacies, benefits, drawbacks, and technical organization.
Rentsyst experts have provided information on the VOS system and are willing to share its benefits and future prospects.
What is VOS?
Car hire company owners must monitor the condition of their vehicles closely. Relying on luck and assuming the ability to foresee all potential negative impacts on the car’s condition is not a viable strategy. However, Rentsyst CRM system offers a solution that can help control the condition of the car and its usage conditions. The VOS system is a modern solution that transmits real-time information on the vehicle to the software.
It is important to understand whether the VOS system is necessary for a car hire business. It consists of sensors installed on the company’s cars and synchronized with online software. Correct operation is ensured by installing one of two sensor types on the vehicle: limited or complete. Once installed, the sensors must connect to the vehicle’s on-board computer and synchronize with the software. After this, you can become familiar with the system’s full functionality and explore its benefits.
Advantages of using the VOS system for lessors
The initial step is to identify the available opportunities when implementing a VOS system:
- The ability to quickly track the coordinates of each of the vehicles that have the systems installed. This will simplify the online booking process for customers who pick up a car from a location other than the company’s car park.
- Route and travel history. The database will store all vehicle movement.
- Speed and fuel level. It is important for lessors to know that the customer does not exceed the speed limit specified in the contract and controls the fuel level, preventing the vehicle from overheating.
- Fuel usage monitoring. The car’s fuel consumption, measured in litres per 100 kilometres, is a valuable piece of information to include in the vehicle’s description for customers.
- Zone restriction. Car rental companies often set a zone for the use of the vehicle, beyond which you are not allowed to drive.
- Receive alerts about speed limits. It is important that renters drive according to traffic rules and do not exceed the speed limit.
All of these features of the VOS system will enable:
- Make drivers more cautious with their vehicles;
- Prevent potential malfunctions and costly repairs;
- Respond to illegal activities involving the vehicle;
- Avoid problems with fines and a depleted battery;
- Remotely lock the ignition system in case of theft;
- Know immediately about force majeure situations on the road;
- Track mileage overruns;
- Pick up and rent cars using your smartphone.
Overall, implementing a VOS system offers numerous benefits for car hire businesses.
The future of VOS and its prospects in the car rental industry
The car rental industry is rapidly evolving due to advancements in technology and changing customer demands. Business owners must continually adopt new technologies to optimize their operations and enhance their services.
The Vehicle Operating System (VOS) is one such solution that simplifies vehicle monitoring and ensures renters comply with contract terms. In the future, the system is expected to expand significantly and be synchronized with artificial intelligence to improve its functionality. It is also worth noting that future cars will need to be automated. Today, vehicles come equipped with an increasing number of high-frequency sensors. Furthermore, the development of unmanned transport, handling large amounts of information, and integrating in-built operating systems for cars require additional software.
Additionally, as society continues to evolve, the trend towards group resource usage is becoming increasingly popular in both personal and professional settings. While this behavior is fashionable and trendy, it challenges traditional stereotypes and established business models. With that being said, we can conclude that the future of the car industry is closely linked to artificial intelligence, new energy sources, and group car usage, such as car-sharing. Therefore, the development of VOS systems will progress in tandem with the car rental industry.
A few words to conclude
The VOS system enables lessors to collect real-time information about the vehicle, reducing risks in the carsharing sector. It offers numerous advantages.
