Smart Pricing increases your earnings and saves you time. Sound impossible? Read on to find out about this free feature, and how to make the most of it.
In a nutshell
Simply turn on Smart Pricing to automatically optimise your prices based on ongoing demand. There’s no need to update your price calendar. Simple, right?
Why you’ll love Smart Pricing
Increase your earnings with Smart Pricing. Our data shows that Smart Pricing cars generate 10% more earnings on average. What’s more, you’ll get tailored prices, adapted to each car for each date. And the bonus? You’ll also save time. Tweaking your prices is time-consuming. Smart Pricing does it automatically for you.
How it works
1/ Price calendar
Your price calendar will be pre-filled and regularly updated in real-time. Our algorithm takes into account:
The characteristics of your car: model, age, Getaround Connect, as well as the reviews received.
Demand and supply in your area: the number of searches and cars available.
Seasonality: weekends, holidays, events.
Recent activity of your car: the number of bookings and the price over the past few weeks.
2/ Minimum price
You’ll be able to define a minimum price for your car. After that, Smart Pricing will only set prices that are above or equal to this minimum.
👉 Our recommendation: set a fairly low minimum price. This way, Smart Pricing will have enough room to set competitive prices on regular weekdays, especially from Monday to Thursday. This will increase your occupancy when demand is low.
3/ Duration discounts
Smart Pricing will apply optimised discounts for rentals that last 2 days or longer.
👉 This is a standard practice in the car rental market. One long rental costs less to clean and maintain than several short rentals for the same total duration.
Discounts will be frequently updated, so that your prices for long durations are perfectly adapted all year long.
👉 Smart Pricing keeps an eye on discounts from car rental agencies, then sets the optimal level. We’re confident that your earnings can increase thanks to the discounts above. However, if you'd rather set duration discounts yourself, you’re free to turn off Smart Pricing any time.
How to turn on Smart Pricing
Log in to your account and go to the Your cars page.
Select the car you want to rent out with Smart Pricing.
Go to the price settings and then turn on Smart Pricing.
Want to know more? Read our Help Center article about Smart Pricing.