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Turo Plans to Go Public

Turo CEO Andre Haddad expects the company to turn a profit in 2022.

CEO Andre Haddad is undecided on whether to raise capital through a traditional IPO or a special-purpose acquisition (SPAC).

News

Analysts Are Bullish on Avis

While Avis — and car rental overall — suffered an abysmal second quarter, the company achieved...

Market watchers are pegging Avis Budget Group’s recent stock spike to the vaccine rollout. They cite the company’s ability to adjust fleet to demand, its solid financial position regarding fleet debt, and its success in removing $2.5 billion in costs for 2020.

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The Outlierman is Renting Classic Cars

The rental program has a 1957 Ferrari 250 GT Spider like this one that will set you back $18,275...

Through its new Rent & Drive program, the Italian lifestyle brand is renting 16 classic cars, including a 1956 Mercedes-Benz 200 SL Gullwing, 1961 Maserati 3500 GT Vignale Spider, and a 1963 Ferrari 250 GT Lusso.

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Hertz Recaps Pandemic Relief Efforts

A healthcare worker picks up their car from Hertz in New York City March 28.

In addition to offering a free rental day to help voters on Election Day, Hertz provided $2 million worth of free month-long car rentals to more than 2,000 New York City healthcare workers.

News

Toyota Selects TSD Mobility for Rental Program

Since 2001, TSD has been an integral solution for Toyota.

With over 20 years of history and 650 Toyota dealers already successfully using TSD, the decision to formalize the partnership allows dealers to take full advantage of TSD’s rental and reservation platform.

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Dealerware Helps Power Toyota Rental Program

Launched in 1988, the “Rent a Toyota” program is designed to assist dealers in offering...

On the heels of a successful multi-month, joint pilot program at key retail locations, Dealerware now offers Toyota’s popular vehicle rental program an elevated, customer-centric and cost-efficient experience.

Blogs

Auto Focus

Chris Brown, executive editor of Business Fleet, Auto Rental News, and Fleet Forward, offers his...

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