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New Product Strategy Idea GenerationIdea ScreeningBusiness AnalysisDevelopmentTest MakingCommercialization.

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Presentation on theme: "New Product Strategy Idea GenerationIdea ScreeningBusiness AnalysisDevelopmentTest MakingCommercialization."— Presentation transcript:

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3 New Product Strategy Idea GenerationIdea ScreeningBusiness AnalysisDevelopmentTest MakingCommercialization

4 History Robin Chase founded Zipcar in 1999 Used model that was created in Europe Opened offices in 2000 First office was in Boston, Massachusetts Merged with Flexcar in : has 300,000 customers

5 1 Apply online 2 Reserve a car 3 Unlock car 4 Drive

6 Zipcar does not make the customer pay for insurance It is included in your membership. If the customer gets into an accident and its his/her fault, Zipcar will charge a damage fee up to $500 dollars. If there are injuries or damage made, the customer is covered by a Loss and Liability Policy.

7 Application Fee: $25 Annual Fee: $50 Add Driver to Account Application Fee: $25 Annual Fee: $60 Cost to Drive: $8 per hr. or $60 per day Covers: fuel, insurance and 180 miles

8 Other Fees Toll: paid by driver NJ: $5 Domestic Security Fee Penalties Returning car late: $50 Cancelled/ Shortened reservation: $3.50

9 Car Rental Company: Large rental company Car: Kia Rio Daily Rate: $43 Fuel: $10 Insurance: $ Age Surcharge: $30 Parking: $8 Total: $86.95 Zipcar Company: Zipcar Car: VW Jetta Daily Rate: $69 or by hr. $7 Fuel: Included Insurance: Included Age Surcharge: None Parking: None Total: $69

10 Car OwnershipZipcar Car: Chevy Impala or Ford Fusion Car Payment: $238 Finance Charges: $62 Insurance: $80 Fuel: $78 License/Registration/ Taxes: $45 Maintenance/Tires: $46 Parking: $175 Total: $769 per month Zipcar: Whatever your little heart desires If you drive a lot: $272/month (Several trips each week and a weekend trek) If you drive a fair amount: $126/month (A couple trips each week) If you dont drive much: $28/month (About one trip a week)

11 Zipcar in the REDS Expect to see profits in 2009

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13 Zipcar Cities Atlanta Boston Chicago London New York/ New Jersey Philadelphia Toronto, Canada San Francisco Washington DC Zipcar Universities Dickinson College California State Chico UC Davis University of New Hamp. Elmhurst College SUNY Geneseo Hofstra University California State Long B. University of Alabama Wesleyan University Caltech

14 ConsumersBusinesses UniversitiesGovernment

15 Get university Less crowded parking Convenient Less parking lots built Less money spent by university and student

16 Website Personalized s High percentage of loyalty High percentage of returning customers

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18 GREEN Help the country go GREEN Cutting down drastically on the amount of cars in the road reduces gas and oil consumption. HYBRID CONVERTIBLE Rent a car from HYBRID to CONVERTIBLE Can select amenities like sunroof, ipod adaptors, etc. Pick any type of car that fits your lifestyle.

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