Luxury Coach & Transportation

June /July 2019

Magazine for the professional limousine, charter and tour industry.

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12 LUXURY COACH & TRANSPORTATION JUNE / JULY 2019 WWW.LCTMAG.COM OPERATOR SURVEY of operators either own or lease motorcoaches plan to buy at least one motorcoach in 2019 of operators plan to buy at least one motorcoach this year buy vehicles via manufacturer financing of operators buy their vehicles using a local bank that includes financial covenant compliance buy vehicles either with cash or other options 33% 18% 82% 23 46% 21% Vehicle Purchasing/Financing 42% 22% of operators buy their vehicles using a local bank that includes financial covenant compliance buy vehicles with cash 23% 9% 4% buy vehicles via manufacturer financing lease vehicles acquire vehicles via other options or avoid all financing Yes 33% No 49% It depends 19% Sedans 4 SUVs 3 Vans 4 Stretch limousines 1 Minibus/shuttles 3 Limo/party buses 1 Motorcoaches 2 ADA vehicles 1 Q: Do You Use A Line Of Credit? Motorcoach Operators Q: How many of each fleet vehicle type do you plan to buy in 2019: FINANCES & REVENUES Gross Revenue Spending: Chauffeured/Limo/Shuttle Bus Operators Estimate what percent (%) of your gross revenue is spent on the following: Labor/wages/benefits 26% Fleet vehicle Payments 16% Fleet vehicle Insurance 11% Fleet vehicle fuel 11% Fleet vehicle maintenance 9% Facilities (rents or mortgages and utilities) 6% Reservation technology/apps 3% Back office software/technology 5% Fleet telematics/GPS/tracking 3% Sales efforts (staff, calls, presentations) 7% Marketing/advertising/PR 5% Capital Improvements 4% All taxes/fees/licenses 6% Other 15%

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