Articles tagged “car rental”

European Car Rentals May Be More Affordable in 2020 Due to Economic Slowdown

European Car Rentals May Be More Affordable in 2020 Due to Economic Slowdown

Andrew Sheivachman, Skift

Car rental companies are desperate to raise rates, but the reality is that reduced demand due to ridesharing and an expected slowdown will keep prices from rising significantly in 2020. This is good news for companies and vacationers alike.

3 weeks ago

Avis and Hertz Struggle to Find Path to Car Rental Profit

Avis and Hertz Struggle to Find Path to Car Rental Profit

Andrew Sheivachman, Skift

Business still isn't great for Hertz or Avis, but at least they aren't hurting as much anymore. The next few quarters will prove whether they can burst out of a multiyear slump or will continue to muddle forward.

2 months ago

The Future of Car Rental Is Mobile-First

The Future of Car Rental Is Mobile-First

Andrew Sheivachman, Skift

Making the car rental experience more pleasant requires making cars available where business travelers actually are, along with allowing them to digitally customize their ride.

2 months ago

Avis and Hertz Chart Their Futures After Yet Another Comeback

Avis and Hertz Chart Their Futures After Yet Another Comeback

Andrew Sheivachman, Skift

Car rental companies are looking to become transportation networking companies like Uber and Lyft, while also renting cars to drivers of those ridesharing services. But first, they need to bring their core business back on track.

4 months ago

Avis Brings Data Insights to Ground Transportation

Avis Brings Data Insights to Ground Transportation

Andrew Sheivachman, Skift

Travel managers armed with relevant data are better at their jobs. The more travel companies can do to help them find meaningful insights the better.

4 months ago

How Avis Wants to Build Transparency in Corporate Travel

How Avis Wants to Build Transparency in Corporate Travel

Brian Sumers, Skift

Can this two giant global travel companies work out their differences? Surely consumers would be prefer to know they can keep searching for United fares on Expedia.

4 months ago

Avis’ Misplaced Optimism in Europe Muddles Car Rental Recovery

Avis’ Misplaced Optimism in Europe Muddles Car Rental Recovery

Andrew Sheivachman, Skift

Car rental companies are preparing for the future of mobility, even as their recovery continues to be a slow process. Renting a car remains mostly annoying but the experience will improve soon thanks to apps and more customer-centric design.

8 months ago

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.

11 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.

1 year ago

Interview: Silvercar CEO on Evolving With Shifts in Customer Behavior

Interview: Silvercar CEO on Evolving With Shifts in Customer Behavior

Andrew Sheivachman, Skift

Silvercar remains an interesting outlier in the car rental space. As part of Audi, it will be interesting to see how it grows its operation in the U.S. as self-driving vehicles hit the mainstream.

1 year ago

Audi Will Buy Luxury-Car Rental Service Silvercar

Audi Will Buy Luxury-Car Rental Service Silvercar

Christoph Rauwald, Bloomberg

Silvercar has core devotees, especially younger car renters, but it's far from a household name. We'll see if Audi tries to scale the business or keeps it small.

2 years ago

Weak Demand and On-Demand Services Hurting Car Rental Companies

Weak Demand and On-Demand Services Hurting Car Rental Companies

Andrew Sheivachman, Skift

Car rental brands are losing customers to ascendant ridesharing services. As they become more nimble and technology-focused, however, car rental companies should be able to regain some share in the ground transportation marketplace.

3 years ago