The vehicles will be available throughout the Bronx, Brooklyn, Manhattan, and Queens and parked in municipal parking facilities and dedicated on-street parking spots for convenient pick-up and drop-off.
The 325 Volkwagen e-Golfs are part of a zero-emissions initiative with the car manufacturer.
Hertz and Avis Budget Group are working on process initiatives that purport to improve pricing, reduce shuttling expense, collect more ancillary revenue, and take on ride hailing.
An analysis of the conference calls of Avis Budget Group and Hertz Global Holdings reveal trends and initiatives involving fleet right sizing, pricing, ancillary revenue opportunities, and renting to ride-hailing drivers.
Zipcar reservation costs include gas, maintenance, insurance, and 180-miles of driving.
Should car rental companies be worried?
Digging deeper into the most recent public statements by Avis Budget Group and Hertz reveal direction on the market, including growing the deep-discount segment, ancillary sales drivers, Hertz’s ship-righting and Zipcar’s first franchise (you heard correctly).
The overall car-sharing fleet in the U.S. grew 42% last year, while traditional car rental companies now represent 72% of car-sharing memberships, according to a recent study.
On its first quarter earnings call, Avis Budget Group shed light on price increases, acquisitions, the used car market and where the growth is with ancillary sales.
In their fourth quarter conference calls, Avis Budget Group and Hertz gave an outlook on fleet costs, the used car market, fleet optimization strategies and potential acquisitions. Hertz shed light on the fallout from that excess fleet.