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LOR overall continues to trend downward, but ongoing market and economic conditions could affect future results while the industry deals with staffing and productivity challenges.
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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 Global Holdings Inc. will host a live webcast discussion of its 2017 first quarter financial results on May 9.
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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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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 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, 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 has launched an affiliate location at Iceland's Keflavik International Airport.
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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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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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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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