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Hyundai’s carsharing service is expected to launch in South Korea in April, using electric vehicles such as the Hyundai Ioniq.
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Thrifty Car Rental is launching its Thrifty Lounge in Dubai, offering customers a chance to relax while waiting for their rental vehicles.
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Maven, General Motors’ mobility brand, has launched a new monthly service, Maven Reserve, in Los Angeles and San Francisco. Members pay a monthly fee to reserve a GM vehicle for 28 days.
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Global consulting firm Frontline Performance Group (fpg) has earned recognition as one of America’s best places to work by Fortune 100. It was named to the magazine's "100 Best Workplaces" for medium-sized companies.
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Mercury Insurance is now offering ride-hailing insurance to cover Uber, Lyft, and other Transportation Network Company (TNC) drivers in Texas and Georgia.
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Enterprise Rent-A-Car has expanded its Enterprise Plus loyalty program to eight countries in Latin America and the Caribbean.
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February’s average nationwide quote was down $4.49 from last February after decreases of $1.02 in December and $3.87 in January. All regions were down, with the Northwest down $10.92 — the biggest decrease in the five regions.
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BMW’s ReachNow mobility service is unveiling flat rate hourly pricing of $20 for its carsharing program. Currently, ReachNow operates in Seattle, Portland, and Brooklyn.
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In January, all model classes showed month-over-month and year-over-year price gains — except full-size SUV/CUVs, according to ADESA. Overall, wholesale used vehicle prices were up 2.8% compared to December and up 6.7% year-over-year.
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For full-year 2016, Hertz Global Holdings Inc. has reported total revenue of $8.8 billion, a decrease of 2% from $9 billion for 2015. In 2016, Hertz’s net loss was $474 million compared to $115 million in 2015.
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