The pandemic has given new meaning to the words “plane, train, or automobile.” Across the country, travel standards have changed. Covid-19 has had a drastic impact on almost every industry, and the automobile market is no exception. To shed light on what we can expect from the future, entrepreneur Ethan Duran shared his insights on the impact of Covid-19 on the automobile industry.
According to Duran, we are likely to see a steep surge in car rentals in the coming months. Many people have been socially isolating for six months now. But there is still a lot of trepidation regarding travel. People want to minimize their risk of contracting Covid-19 when traveling. A lot of people who previously traveled via airplane now find flying too risky. This has caused an increase in the need for solitary travel methods.
And that’s why we will see an increase in car rentals, says Duran. Especially as people’s desire to travel kickstarts again. For most people, traveling in a car alone feels safer than taking a plane. Duran’s insights come from his success in the industry. He started his own foreign car rental business at a young age, and it proliferated. He made USD 2.7 million during his first year running Corsa Auto Rental.
Duran also predicts that we will see the foreign car industry grow as a result of the pandemic. Covid-19 has forced many people to re-evaluate the restrictions of their regular jobs. As a result, folks are likely to seek career paths offering more financial security. To help other people in this quest, Duran has launched the Exotic Car Rental Academy. These courses help teach people what they need to know about getting started in exotic car entrepreneurship. It is important for Duran to help other entrepreneurs pursue their goals. Now that he has achieved success, he wants to be a role model for others.
Covid-19 has impacted every industry, the automobile market included. But according to Duran, we are more than likely to see a surge in car rentals very soon.