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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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The 2018 data of inbound traveler volume and spending for car renters shows that total arrivals have seen a steady decline within four years. The percentage of travelers from Asia has been growing while the European traveler base has shrunk.
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The one-way city-to-city service, which allows consumers to rent a seat in a Tesla, has relaunched with service between Santa Monica and San Diego. The company has also introduced a program to allow Tesla owners to rent them on the Tesloop platform.
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The investment by IAC makes the media and internet conglomerate the largest shareholder in the peer-to-peer rental company.
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Hertz is honored by Trazee Travel, taking the top spot this year as favorite car rental company. Sixt and National Car Rental placed second and third.
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Mazda is recalling approximately 262,220 2018-2019 CX-5 compact SUVs and Mazda6 midsize sedans, as well as 2019 Mazda3 compact sedans because a software error in the powertrain control module may cause the engine to stall.
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A switch to manual background checks, combined with Mercedes GLA and CLA models on Chicago sitting on street corners and a brazen theft ring, made car2go's Chicago operation ripe for exploitation.
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