ReachNow announced it will no longer be offering its services in three major cities effective immediately. This comes after ReachNow enters a merger under BMW and Daimler AG.
The one-way city-to-city service, which allows consumers to rent a seat in a Tesla, has relaunched with service between Santa Monica and San Diego. The company has also introduced a program to allow Tesla owners to rent them on the Tesloop platform.
The investment by IAC makes the media and internet conglomerate the largest shareholder in the peer-to-peer rental company.
The 2018 data of inbound traveler volume and spending for car renters shows that total arrivals have seen a steady decline within four years. The percentage of travelers from Asia has been growing while the European traveler base has shrunk.
Hertz is honored by Trazee Travel, taking the top spot this year as favorite car rental company. Sixt and National Car Rental placed second and third.