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Bobit editors combine original reporting and outside sourcing to create comprehensive news reports.
Overall sales are up in the quarter, including for fleets. However, headwinds are growing and inventory levels are moving back above the pre-pandemic normal, suggesting a slowing of demand.
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According to a GBTA report, 74% of travel managers expect most types of business travel will reach pre-pandemic levels by the end of 2023.
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In 2022, Europe was forecasted to be the fastest growing business travel market with spend growing at 61.7%. Europe’s business travel spend is expected to grow another 25.3% in 2023.
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HyreCar has entered into an agreement with Holmes Motors Inc. to provide $5 million in debtor-in-possession financing.
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In the lawsuit, scooter-sharing service Lime has accused Hertz of improperly hiring the startup’s senior engineers.
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In the Canadian association's survey, 40% of independent rental company respondents said finding vehicles was the biggest challenge they face today.
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Completed in 2021, Honolulu Airport’s rental car facility wasn’t built with any electric vehicle charging stations or charger-ready parking stalls. Only Sixt has recently added an EV charger in the five-story facility.
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According to Enterprise Rent-A-Car’s Length of Rental (LOR) data for Q4 2022, LOR is up 1.7 days year over year. Louisiana had the highest overall LOR at 22.3 days.
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As part of New York City’s Under the Working People agenda, the city will mandate that all rideshare vehicles (operated by Uber and Lyft) be switched to zero-emissions vehicles by 2030.
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The European Union’s Expert Group on Urban Mobility (EGUM) currently doesn’t include any car rental companies as members. The group gathers transportation players to discuss urban mobility topics, including how to cut transport emissions.
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