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The declining resale values of electric rental fleet vehicles and consumer reluctance is generating financial headwinds for the global car rental company.
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The latest decision follows a one-third cut in Hertz's existing EV fleet as customers and consumers are not embracing EVs as much as expected.
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Rental fleet sales gain by a fifth compared to last year while commercial fleet sales dip by double digits.
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CAR 2024: The IARA brings together a panel to address one of the biggest challenges for consignors.
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In this keynote seminar, a panel of experts will discuss how to rethink your rental operations for a connected environment.
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In another sign of EV hesitancy, a new survey shows only 1% of business travelers always rent them when using auto rental companies.
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The Global Business Travel Association survey of travel buyers shows 60% plan more travel activity in 2024 and two-thirds expect their companies to increase travel spend.
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Branch openings in Chile, the U.S. Virgin Islands, and the Cayman Islands highlight continued global expansion for the global car rental business.
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The new rental car branches affirm how over the last decade, the U.S. has become the most important growth market for SIXT with 100 rental branches in 23 states.
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CAR 2024: Next generation thinkers will delve into digital strategies that can cut costs, win over customers, and boost profits.
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