It’s easy to set optimal rates and maximize your earnings with the innovative COOP Smart Rate tool. COOP Smart Rate dynamically adjusts the rate of your vehicles based on a variety of characteristics like vehicle type, mileage, and market demand. Using this information, the rates of your listings are automatically optimized to attract more reservations. Follow these simple steps to apply Smart Rate and get started:
If you choose to enter your daily rental price for a vehicle manually, select the custom price option. Keep in mind that this option requires more time spent monitoring your rates and being aware of changing trends to adapt to the marketplace.
It’s important to note that vehicles listed at or below the recommended rates are 60% more likely to transact than vehicles listed above the recommended rate.
See our blog post on How to Set Your Vehicle’s Rate for more information and additional tips.