Car rental companies have the opportunity to pivot slightly and adapt their fleet and operations to embrace the growing concept of sharing cars. There is a growing demand for more mobility options and car rental companies are well positioned to meet this need.
Starting Nov. 1, drivers can rent Teslas from Hertz in Los Angeles, San Francisco, San Diego, and Washington, D.C., with a nationwide expansion in the works.
With an order of 100,000 Model 3s by 2022, Tesla is now on par — or even surpassing — Hertz’s previous number one supplier. Can Hertz get the infrastructure in place to support this timeline?
Commercial fleet sales from nine manufacturers totaled 56,441 in January 2020, which represented a 3.7% year-over-year increase.
The forecast is the most in nearly 20 years, and represents an increase of 3.9% over last year, or 4.3 million more people packing up their sleighs for a holiday getaway.
The estimated $31.87 billion in total revenues continues a string of 11 years of uninterrupted growth.
Exiting a year of record revenues, the new year brings challenges from market disruptors, incumbent players new to the U.S. market, and new mobility models.
The service, available in San Francisco, Oakland, and Los Angeles, was soft launched earlier in the year.
Kayak has joined forces with online travel agency Trip.com Group to offer car rentals in Asia Pacific.
Sales of vehicles from nine manufacturers to commercial fleets fell 9.9% to 54,384 in November after enjoying several robust months of sales but remain the strongest fleet segment with an 8.7% increase year to date. Sales to rental and government fleets fell in November as well.
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