Car & Truck Rental News

Browse the latest breaking news across the automotive rental industry covering fleet acquisition, remarketing, rental software, GPS & telematics, fleet insurance and financing, rental operations, risk management, technological innovations and shifting market conditions.

EV Rentals Launches in British Columbia

EV Rentals, a car rental company that rents only electric vehicles, opened its first location in Richmond, British Columbia.

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SF Legislation Looks to Reduce Rental Car Break-Ins

The proposed legislation would prohibit rental car companies from leaving visible barcodes and advertisements on vehicles, which supposedly attract thieves. But is the cure worse than the disease?

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Hertz to Announce Q1 Earnings

Hertz Global Holdings Inc. will host a live webcast discussion of its 2017 first quarter financial results on May 9.

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Uber and Getaround Offer Pilot Program in San Francisco

Through this pilot program, Uber drivers can rent vehicles through Getaround’s peer-to-peer carsharing platform. It’s a flat fee of $5 per hour.

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U-Save Adds Locations in the U.S., Hungary

Franchise Services of North America Inc. (FSNA), franchisors of the U-Save Car & Truck Rental brand, has announced that U-Save has opened two offices in the U.S. (Fulton, Mo., and Ogdensburg, N.Y) and two locations in Budapest, Hungary.

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Getaround Raises $45M in Funding

Getaround Inc., a peer-to-peer carsharing platform, has raised $45M in new capital. With this capital, it plans to expand to additional North American markets.

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CarHopper Expands Rental Services to 4 New Cities

CarHopper, a car rental booking platform, has started operating in Los Angeles, Las Vegas, Orlando, and Fort Lauderdale. Now focusing on luxury car rentals, CarHopper has raised $1.5 million in seed funding.

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Mex Rent A Car Opens in Iceland

Mex Rent A Car has launched an affiliate location at Iceland's Keflavik International Airport.

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Hyundai Offers Subscription Service for Ioniq Electric

Hyundai will offer its 2017 Ioniq Electric compact sedan as part of a subscription program in California that allows users to drive the car for at least $275 per month plus tax for 36 months without mileage penalties.

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March Prices Down for Used 1- and 3-Year-Old Vehicles

In March, prices were down 2.5% year-over-year for current and one-model-year-old units and down 2.6% for three-model-year-old units, according to ADESA. Overall, wholesale used prices were up 2% compared to February and up 1% year-over-year.

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Hertz Launches Carbon Offset Program

The new program provides corporate customers worldwide with the opportunity to reduce the carbon footprints associated with their vehicle rentals through the purchase of carbon offsets.

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Ride-Hailing Services Add Traffic to Denver Roads

According to a University of Colorado study, about 34% of people would have taken transit, biked, or walked if they hadn’t used ride-hailing services like Uber or Lyft. Passengers in Denver, Boulder, and various nearby suburbs were surveyed for four months.

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AAA Launches Carsharing Service in California's Bay Area

AAA Northern California, Nevada, and Utah is starting Gig Car Share in Oakland and Berkeley. It will be the Bay Area’s only one-way carsharing service.

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National Car Rental Named Rental Partner of Red Sox

National Car Rental has announced a new sponsorship agreement designating National as the Official Car Rental Partner of the Boston Red Sox through 2021.

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Automaker PSA Group Starts Carsharing in U.S.

With its partner Travelcar, PSA Group’s mobility brand Free2Move has launched its first U.S. carsharing service at Los Angeles International Airport. It plans to expand to other U.S. cities.

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Wholesale Market Strengthens on the Week

High vehicle demand delivered strong showings across nearly all vehicle segments in the past week, according to Black Book’s April 17 Market Insights report.

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Zoomcar Adds Mahindra Electric Vehicles to Platform

This partnership will allow individuals to purchase the all-electric Mahindra e2oPlus on Zoomcar’s platform, list the vehicle for rental when not in use, and earn cash to help offset the monthly ownership costs.

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Uber Looks to Partner with Rental Companies in Taiwan

After a two-month suspension, Uber will have to partner with licensed rental car companies in order to resume its ride-hailing services in Taipei.

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Budget Australia Wins Reader's Digest Quality Service Award

Budget Car Rental has been named the gold winner in the car rental category of the 2017 Reader's Digest Quality Service Award.

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Avis Budget to Announce Q1 Results

Avis Budget Group Inc. plans to report its first quarter 2017 results after market close on Wednesday May 3.

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