Articles tagged “avis”

Is a Smarter Car Rental Industry Emerging From Its Funk?

Is a Smarter Car Rental Industry Emerging From Its Funk?

Andrew Sheivachman, Skift

Rumors of the car rental sector's demise may have been greatly exaggerated. Fundamentals have improved for Hertz and Avis, while partnerships with ridesharing companies and autonomous vehicle innovators bring potential for sustained growth.

2 months ago

U.S. Rental Car Companies Are Taking a Hit on Falling Fleet Values

U.S. Rental Car Companies Are Taking a Hit on Falling Fleet Values

David Welch, Bloomberg

Forecasters say the U.S. car rental industry will find it tough to raise prices on rentals because of ridesharing services like Lyft and Uber. That's bad news for Avis and Hertz, which are not fetching high prices for their vehicles in used-car markets.

4 months ago

Car Rental Giants Get Much-Needed Financial Boost From Used Car Pricing

Car Rental Giants Get Much-Needed Financial Boost From Used Car Pricing

Austin Weinstein, Bloomberg

Last year, Hertz and Avis struggled to sell off their old vehicles in a soft market for used cars. They need the money to invest in new cars and their technology stacks. Now that the used car market has recovered, it will be a little easier for them to muddle forward despite intense competition from Uber and Lyft.

4 months ago

Here Are the Travel Companies That Have Cut Ties With the NRA

Here Are the Travel Companies That Have Cut Ties With the NRA

Dennis Schaal, Skift

We're having a moment. In the wake of the Florida school shooting, travel companies are abandoning the National Rifle Association and its assault rifle advocacy. History would tell us that no substantial reforms will come out of this. But perhaps student and corporate pressure will make things different this time.

8 months ago

Avis Budget Faces Proxy Fight Over Lack of Innovation

Avis Budget Faces Proxy Fight Over Lack of Innovation

David Welch, Bloomberg

Sometimes it takes newcomers with fresh ideas to steer a company in the right direction. Avis has made some progress but it looks like its board is in dire need of new faces to prevent its company from becoming obsolete.

8 months ago

Hertz and Avis Prep for Future With Self-Driving Car Partnerships

Hertz and Avis Prep for Future With Self-Driving Car Partnerships

Andrew Sheivachman, Skift

Car rental giants are looking to the future, with the goal of handling logistics for whatever company ends up winning the automated car arms race. If you can't beat them, join them.

1 year ago

Google Picks Avis to Run Its Self-Driving Car Fleet Pilot Program

Google Picks Avis to Run Its Self-Driving Car Fleet Pilot Program

Mark Bergen, Bloomberg

Using car rentals to get consumers familiar with the technology is a smart move. Smart enough that Apple had the same idea today, too.

1 year ago

Car Rental Companies Have Too Many Vehicles and Not Enough Customers

Car Rental Companies Have Too Many Vehicles and Not Enough Customers

Andrew Sheivachman, Skift

Car rental giants are working to reduce fleet size following a period of reduced demand. But as ridesharing continues to grow in popularity on a global scale, these companies need to get creative about what the future of on-demand transportation really looks like.

1 year ago

Avis Ups Its Ridesharing Partnerships as Pressure Increases on Car Rentals

Avis Ups Its Ridesharing Partnerships as Pressure Increases on Car Rentals

Andrew Sheivachman, Skift

For Avis Budget Group, strong overseas returns aren't offsetting weakness in the Americas. Through its partnerships with services like Uber and Didi, it's looking for another way to make money with its fleet when rental demand flags.

2 years ago

Rental Car Execs Say Business Is Strong Despite Brexit and Terror

Rental Car Execs Say Business Is Strong Despite Brexit and Terror

Andrew Sheivachman, Skift

Car rental companies have bounced back in the last year by becoming smarter about how they reach customers and invest in technology.

2 years ago

Why Car Rental Giants Are Learning Lessons From Airlines

Why Car Rental Giants Are Learning Lessons From Airlines

Justin Bachman, Bloomberg

Companies like Avis Budget and Hertz are looking for leadership from the same people that helped return U.S. airlines to profitability, as ride sharing services drive prices down in the traditional car rental ecosystem.

2 years ago

Zipcar Continues Expansion as Avis Budget Group Fights Reduced U.S. Car Rental Demand

Zipcar Continues Expansion as Avis Budget Group Fights Reduced U.S. Car Rental Demand

Andrew Sheivachman, Skift

Avis Budget Group's rental business in the U.S. was unexpectedly weak in early 2016. The good news is that a European car rental resurgence seems to be in the offing for the company.

2 years ago