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The car hire KPIs to check every week

Eight car hire numbers to check every Monday, each with its formula, a worked example and a one-page weekly scorecard you can copy.

By the DayRunner team ·

Check eight numbers every week: utilisation, average daily rate, revenue per unit, booking pace, your rate against the market, your price rank, average length of rental, and extras per hire day. Together they tell you whether you're full, whether you're charging enough, and what's coming. Add review scores and forecast error once a month.

Each one below has its formula. Then there's a worked example and a scorecard to copy.

The eight weekly KPIs

KPIFormulaWhat it tells you
Fleet utilisationHire days ÷ (cars × days in period)How full you were
Average daily rate (revenue per day)Rental revenue ÷ hire daysWhat each hire day earned
Revenue per unitRental revenue ÷ (cars × days in period)Rate and utilisation in one number
Booking paceHire days on the books for a future week ÷ same point last yearWhether demand is ahead or behind
Market rate indexYour rate ÷ market typical rate, same car type and dayWhether you're dear or cheap
Price rankYour position from cheapest (1) among brandsWhere you sit on the broker page
Average length of rentalHire days ÷ number of hiresMix of short and long hires
Ancillary revenue per hire dayExtras revenue ÷ hire daysHow well extras sell

And monthly:

KPIFormulaWhy monthly
Supplier rating and sub-scoresFrom the broker's reviewsMoves slowly
Forecast error (MAPE)Average of abs(actual − forecast) ÷ actualNeeds several finished weeks

Step by step

  1. Pull last week

    Hires, hire days and revenue by car type from your booking system.

  2. Pull the next 8 weeks

    Hire days on the books by week, and the same numbers from this point last year.

  3. Check the market

    Your rate against the market typical for each car type, and your rank.

  4. Fill the scorecard

    One row per KPI, this week against last week and last year.

  5. Pick one action

    A rate change, a rule, a fleet move. Write it down and check it next Monday.

A worked example

These operator numbers are hypothetical. The market rate is real.

Say you run 40 cars at Auckland, mostly compacts. Last week:

  • 48 hires, 224 hire days
  • $33,600 rental revenue
  • $3,360 in extras
  • Your typical compact rate: $150 a day

The sums:

KPIWorkingResult
Fleet utilisation224 ÷ (40 × 7)80%
Average daily rate$33,600 ÷ 224$150
Revenue per unit$33,600 ÷ 280$120
Average length of rental224 ÷ 484.7 days
Extras per hire day$3,360 ÷ 224$15
Market rate index (compact)$150 ÷ $1391.08

The $139 is the typical compact at Auckland in the Rate Pulse sweep of 7 Nov 2026. So you're 8% above the market and still 80% full. That's a healthy spot.

Now look at what could change. If you dropped to $139 to match the market and filled to 88%, revenue per unit would be $139 × 0.88 = $122. That's only $2 more per car per day, for a lot more cars to clean and hand over. Holding $150 looks right.

The day-by-day view matters too. The Auckland compact median ran from $130 to $173 by pick-up day in the sweep. An index of 1.08 on average can hide days where you're 15% under the market and days where you're well over.

Why revenue per unit sits in the middle

Utilisation on its own rewards cheap rates. You can fill every car by being the cheapest in town.

Average daily rate on its own rewards empty cars. You can hold a high rate and watch half the fleet sit in the yard.

Revenue per unit catches both. If it's rising, you're doing better, whichever lever moved. Check it by car type, because the fleet average can hide one type carrying the others. See fleet mix planning.

Copy this scorecard

One page, every Monday. Keep 12 weeks of rows so you can see the trend.

KPIThis weekLast weekSame week last yearTargetNote
Utilisation80 to 90%
Average daily rate
Revenue per unit
Pace, next 4 weeks100%+ of last year
Pace, weeks 5 to 8
Market rate index, compact0.95 to 1.10
Price rank, compact
Average length of rental
Extras per hire day
Action this week

The targets are starting points, not rules. Set your own from your costs and how busy your season is.

What to do when a number moves

A KPI is only useful if it leads to a decision. Read them in pairs, because one number on its own can point both ways.

What you seeWhat it usually meansWhat to check or do
Utilisation up, revenue per day downYou filled the fleet by being cheapCheck your market rate index. If it's under 0.95, lift rates on the busiest days first
Utilisation down, revenue per day upYou're holding rates while cars sit idleCheck pace for the next 4 weeks. If it's behind, move toward the market typical on quiet days
Pace ahead of last year, index under 1.00Demand is there and you're cheaper than the marketRaise rates for those weeks before they sell out
Pace behind, index over 1.10You may be priced outCheck your price rank on the broker page and whether a competitor dropped
Length of rental fallingMore short hiresLook at a minimum rental length for peak dates
Extras per hire day fallingFewer add-ons soldCheck whether the counter script or the booking page changed
Price rank jumped with no change from youA competitor movedLook at who moved and whether it's one day or the whole fortnight

Change one thing at a time where you can. If you move rates and add a minimum in the same week, you won't know which one worked.

Write the reason next to every change in the scorecard's note column. In three months, that column is worth more than the numbers, because it tells you which decisions paid off.

What not to track weekly

  • Total bookings without hire days. Ten 1-day hires and two 5-day hires look the same in a count.
  • Fleet-wide numbers only. Split by car type and depot, or you'll miss the problem.
  • The cheapest competitor rate on its own. One brand's lowest offer is noise. The market typical (median) is the steadier signal. See rate shopping.

Where the numbers come from

Your own KPIs come from your booking system. The market side, the typical rate and your rank by car type and pick-up day, is what Rate Pulse shows for free at 18 airports. Its benchmark section does the market rate index and rank sums for you.

If you're new to these terms, start with car hire revenue management for beginners.

Questions

What is the single most useful car hire KPI?

Revenue per unit: rental revenue divided by cars times days. It combines rate and utilisation, so it doesn't reward filling the fleet cheaply or holding rates while cars sit idle.

Should I check KPIs daily?

Booking pace and market rates are worth a daily look in busy periods. The rest are steadier and a weekly check is enough. Ratings change slowly, so monthly is fine.

Where do I get the market numbers?

Rate Pulse shows the market typical and cheapest daily rate by car type and pick-up day at 18 airports, and your brand's rank against them. It's free.

See what your market is charging.

Free. Open your city and leave your email to unlock the benchmark and every brand's ratings.

See the ratesWork with us