Once the pandemic was underway and most manufacturing stopped, OEMs started to encourage lease extensions in order to push returns further into 2020 and to be able to provide replacement vehicles - black book method. As a result, we project at least 560,000 additional units in the second part of 2020 (compared to the pre-COVID-19 estimates) due to a slowdown in sales in April / May, along with expected turn-ins of the lease extensions.
We expect a significant reduction in both categories for the remainder of 2020. In addition, there is no expectation that travel will return to pre-COVID-19 levels in the next several years (black book method). According to IATA (The International Air Transport Association), air travel will not return to pre-COVID-19 levels until after 2023.
Last week, Hertz filed for bankruptcy in North America as a result of the pandemic. In addition to Hertz, we expect other rental companies to reduce their fleet during the Summer and Fall months to match lower demand for rentals. This practice will lead to over 250,000 additional rental units hitting the wholesale market over the next six months.
The graph below shows Black Book’s projections for rental returns. The purple line shows the difference between current (darker rectangles) and pre-COVID-19 projections (lighter rectangles) (black book market research). In the longer term (later 2021 – 2023), the drop in rental return volume will benefit the price of newer used units, as supply will be limited.
This lower level of used inventory will be beneficial to used car prices as supply will be limited, helping to bolster valuations - black book market research. Posted in: COVID-19 Market Insights. black book market research techniques.
MOBILE, Ala (black book method).--()--CPSI (NASDAQ: CPSI), a healthcare solutions company, today announced that three of its subsidiaries, Evident, TruBridge and American HealthTech, have received top rankings according to the 2020 healthcare survey conducted by Black Book Market Research LLC. These latest rankings include: Evident – Inpatient EHR for Hospitals Under 100 Beds – 10th consecutive year TruBridge – End-to-End Revenue Cycle Management Outsourcing American HealthTech – Integrated Long Term Care Information Systems Black Book Market Research LLC measures customer satisfaction across 18 coding-centric, key performance indicators: strategic alignment of client goals; innovation and optimization; training; client relationships and cultural fit; trust, accountability, transparency, and ethics; breadth of offerings, client types, delivery excellence; deployment and implementation; customization; integration, connectivity and interfaces; scalability, client adaptability, flexible pricing; compensation and employee performance; reliability; brand image and marketing communications; marginal value adds and modules; financial and managerial viability; cybersecurity; support and customer care; and best-of-breed technology and process improvement.
Evident and American HealthTech collectively received top honors in an additional 21 categories, including strategic alignment to client goals, client relationships and cultural fit, support and customer care (black book market research in 2020). “Our focus on driving product innovation across care settings and providing exceptional support for our customers has helped create positive experiences and strong client loyalty, which we believe is reflected in these Black Book rankings,” said Boyd Douglas, president and chief executive officer of CPSI.
This type of independent research from Black Book gives us another view into our performance and helps us understand what we are doing well and where we have opportunity to improve.” CPSI is a leading provider of healthcare solutions and services for community hospitals, their clinics and post‑acute care facilities (black book market research).
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