In car rental, a floating fleet (also called free-floating fleet) refers to a fleet of vehicles that have no predefined pick-up or drop-off locations. The cars are parked on available parking spots around a certain area. Customers can pick-up and drop-off vehicles from locations that suit them best. In addition to being user friendly, it also means that the car rental company does not have to build infrastructure (such as parking lots) or pay for maintenance costs.
Synonym(s):
- free-floating fleet
