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With talk of a Hertz bankruptcy and federal bailouts still pending, where are the green shoots of a recovery for car rental, and who is best poised to take advantage?
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On the road to recovery, car rental operators can look to signposts in both demand and supply. Regarding wholesale fleet values, it’s going to get worse before it gets better.
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When one licensee’s parking lot needed sealing, an employee came to him and said, “Can we do it ourselves instead of paying a sealing company $20,000?”
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The pandemic will end, and business will roar back. But for now, operators are asking: “When do I close my office? Why are we open right now? How long can I pay 40 people?”
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Exiting a year of record revenues, the new year brings challenges from market disruptors, incumbent players new to the U.S. market, and new mobility models.
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The major Brazilian car rental companies are on a buying spree, while long-term rentals to commercial customers are keeping the independents afloat. The biggest story, however, is that rental companies are now the biggest suppliers of cars to ride-hailing drivers in the country.
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Walking into a representative’s or senator’s office to cogently deliver a message that will inspire change is an exhilarating, exhausting, and daunting task. Here’s an inside look on how these meetings go down.
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Lyft’s car rental service offers renters some great perks, though it doesn’t yet have the big-volume problems that airport car rental companies experience.
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Avis’s expansion of its TNC rentals program depends on its ability to manage vehicle mileage and telemetry, made possible by a connected car.
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One of the final consolidations in U.S. car rental, the acquisition has ramifications in both the leisure and corporate markets, as well as for other brands.
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If your business creed is to solve problems, you might serve a customer well enough that they may not need you anymore.
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From a geeky industry insider standpoint, the fact that Lyft is renting fleet to consumers on a daily rate is a big deal. But questions abound regarding the business model and profitability.
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