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Private Equity Firm Takes Stake in CarTrawler
RateGain to Host Webinar on Car Rental Recovery
Overall Light-Vehicle Sales Down in May but Expected to Rise
Icahn Sells Entire Stake in Hertz
Advantage Rent A Car Files for Chapter 11 Bankruptcy
TSD Employs Contact-less Rental Agreements
Move Mee: Demand Surges for Contactless Car Rental Solution
Hertz Files for Chapter 11 Bankruptcy

Hertz Files for Chapter 11 Bankruptcy

All of Hertz's businesses globally remain open. International operating regions including Europe, Australia, and New Zealand are not included in the bankruptcy, nor are Hertz's franchised locations.

May 23, 2020

Memorial Day Traffic Expected to Decline from Previous Years
Sixt Adds 1K Vehicles to Carsharing Fleet

Sixt Adds 1K Vehicles to Carsharing Fleet

Sixt reports that business has already returned to pre-pandemic levels in German urban locations. In response the company is expanding carsharing and subscription programs as an alternative to public transport.

May 22, 2020

Wholesale Optimism: Used Vehicle Prices Up 5.74% in May

Wholesale Optimism: Used Vehicle Prices Up 5.74% in May

According to Manheim, wholesale used vehicle prices increased 5.74% in the first 15 days of May compared to the month of April. New and used retail vehicle sales show substantial gains from March’s free fall.

May 20, 2020

Uber to Cut 3K More Jobs

Uber to Cut 3K More Jobs

The preliminary layoffs were confined customer support and recruiting teams. The most recent layoffs will affect employees across all divisions.

May 20, 2020

Carly Appoints New COO

Carly Appoints New COO

Ben Hershman began his automotive career at Ford Motor Company in the United Kingdom in 1994, covering a number of engineering development and production roles.

May 20, 2020

Europcar to Shift to Domestic Travel

Europcar to Shift to Domestic Travel

Short term, the company will focus on domestic business as travel bans are lifted. Midterm, the company will “rethink its priorities, so as to adapt to a ‘new normal’ given the reinforced digital habits, new safety standards, and new travel patterns.”

May 19, 2020

Marinello Resigns as Hertz’s President and CEO