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Using the Alexa app, ReachNow members can use their voice to learn how close the nearest ReachNow car is to their home.
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For the first quarter 2017, Hertz Global Holdings Inc. reported declines in revenue and earnings. Hertz’s total revenues were $1.9 billion, a 3% decline year-over-year, while adjusted earnings were negative $110 million — compared to positive $27 million in Q1 2016.
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U.K.-based car rental company Green Motion continues its franchise expansion in Europe by opening in Sweden. The eco-friendly fleet will serve customers at Stockholm Arlanda International Airport starting in July.
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Overall wholesale used-vehicle prices (on a mix-, mileage-, and seasonally-adjusted basis) improved 0.5% month-over-month in April. On a year-over-year basis in April, only pickups saw gains greater than the overall market.
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April 2017 rate quotes were down again, continuing a pattern of year-over-year losses in six of the last seven months. The Northeast region had the highest rate at $57.27 — $19.55 higher than the lowest Southwest average of $38.72.
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Avis Budget Group has reported revenue of $1.8 billion for its first quarter 2017, a 2% decrease. This is primarily due to a 5% decline in pricing partially offset by a 3% increase in rental days.
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Vehicle manufacturers sold 12.2% fewer cars, trucks, vans, and SUVs to rental, commercial, and government fleet buyers in April compared to a year ago in what has become a softening market for new vehicle sales.
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Used vehicle values increased slightly in April as tracked by Black Book's Used Vehicle Retention Index that measures values of 2- to 6-year old vehicles, according to the company.
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Maven Gig drivers are provided access to vehicles they can use for independent gigs, such as package delivery, food or grocery delivery, and ride sharing. The program is live in San Diego and will launch in San Francisco and Los Angeles later this year.
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Through a pilot program, car2go will offer free online road safety education courses to its members. Members who take the classes will receive drive-time credit.
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