Hertz EV Losses and Cuts Mount | Business Travel Forecasts
 

REPORTER

By using firsthand experiences, this diverse panel will discuss how attendees can support their...

ICRS 2024: How to Build Successful Next-Gen Leaders

Two seminars tackle the topic of developing leadership potential, including how to elevate your leadership culture and the importance of inclusivity for business success.

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Panel topics include a big-picture update on the connected car market as well as discussing new...

ICRS 2024: How to Join the Connected Car Market

In this keynote seminar, a panel of experts will discuss how to rethink your rental operations for a connected environment.

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Hertz electric rental cars are lined up at charging stations near Los Angeles International...

Under 20% of Travelers Occasionally Rent Electric Vehicles

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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Hertz attributes recent quarterly losses to the sell off of electric rental vehicles. It is also...

Hertz Records Q4 Losses Amid EV Fleet Fallout

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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Hertz in 2022 had agreed to buy 65,000 Polestar vehicles in a five-year deal as part of its...

Hertz Nixes Plans to Buy Polestar Electric Vehicles

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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Other countries are actively advancing strategies to gain international visitors and are now...

Forecast Predicts U.S. Will Struggle for Global Inbound, Domestic Business Travel

A report found the U.S. ranked 17th out of 18 top markets for travel due to decades of underinvestment and a lack of focus and coordination from federal policymakers.

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Almost half of travel buyers say the adoption of remote and hybrid workplace models has prompted...

Business Travel Poll Indicates More Spending Amid Challenges for 2024

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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Total fleet sales for January 2024 rose 3.1%, from 154,379 in January 2023 to 159,159 last month.

Fleet Sales Start Year Slightly Up

Rental fleet sales gain by a fifth compared to last year while commercial fleet sales dip by double digits.

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As electric vehicles become more affordable, apartment-dwellers will get on the EV train.

What Are EV Charging Trends For Fleet and Automotive Sectors in 2024?

Electric vehicles may seem buggy and expensive now, but prices will inevitably come down as battery technology evolves and EV infrastructure becomes more commonplace.

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Despite the turbulence, the current state of the market shows signs of recovery as economic...

2024 Automotive Logistics Market Outlook: Driving Towards Normalcy

The carrier market is ready for a transformative year in 2024 based on the industry's resilience, shifting dynamics, and early indicators of improvement.

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SIXT advertising at the Reagan National Airport near Washington, D.C., where it opened...

SIXT USA Extends Off-Airport Presence with Six New Locations

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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Enterprise, National, and Alamo brands will be available in five locations including two in the...

Enterprise Mobility Enters Latin American, Caribbean Markets

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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Richard "Dick" Hemel, Oct. 15, 1943 -- Jan. 7, 2024

In Memorium: Dick Hemel, Rental Car Operator and Leader

The former manager of Budget and Hertz operations in Chicago and New York strongly supported an industry association.

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