Three Major Rental Car Franchises Mark Milestone Anniversaries at Convention

Posted on : 11/02/2023
Three Major Rental Car Franchises Mark Milestone Anniversaries at Convention
Car Reviews 

The convention drew the largest group of franchise owners and managers in recent memory, along with a host of experts and suppliers from across the industry.

Photo: NP Auto Group

NextCar, Priceless, and Rent-A-Wreck franchises, managers, sponsors, and home office staff convened in Las Vegas the week of Oct. 16 for their annual convention, with each brand celebrating milestone anniversaries: 50 years for Rent-A-Wreck, 25 years for Priceless, and 20 years for NextCar.  

The convention drew the largest group of franchise owners and managers in recent memory, along with a host of experts and suppliers from across the industry.

The event included a mix of business and fun, with informational presentations and roundtables during the day, and cocktail parties, dinners, and entertainment with prizes in between.

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“We welcome franchises we’ve known for years, along with many new faces,” said Michael DeLorenzo, president of NP Auto Group, in a news release. “When we come together as a group we try to foster an open environment and atmosphere. It’s a very special time when we can accomplish a lot, learn from one another, and lay our plans for future success.”

A convention highlight was the largest Profit Group meeting ever conducted by the company, with over 50 franchise owners participating in a deep dive into the financials of their businesses using a composite P&L and discussing pathways to greater profits.

Leading topics included presentations about the companies’ new app-based software, ASAP, along with forecasts and advice for fleeting for 2024, the challenge of improving customer service and reviews, and planning for electrification.

A Look Back: 2019 NP Auto Group Convention 

Rent-A-Wreck was founded in 1968 and began franchising in 1973. NP Franchise Group is the franchisor of both Priceless, founded in 1998, and NextCar, founded in 2003.  Both Rent-A-Wreck and NP Franchise Group are owned by Fitzgerald Auto, one of the largest employee-owned dealership groups in the U.S.

NP Auto Group and Rent-A-Wreck provide high-quality used cars and car rental services to their customers. The companies have their annual convention for franchisees every year since 1973 with few exceptions, such as after 9/11 and during COVID.

 

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