Articles tagged “car rental”

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 week 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.

5 months 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.

1 year 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.

2 years ago

Audi Launches Rent by Hour Plan in Hong Kong and Looks to Gridlocked Beijing

Audi Launches Rent by Hour Plan in Hong Kong and Looks to Gridlocked Beijing

Bloomberg

The race is on for auto manufacturers and car rental companies to adapt to on-demand ride-sharing and other mobile services. Audi is the latest carmaker to get involved although China could turn out to be a tough market to break into.

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

Skift Survey: More Evidence of Uber Becoming a Rental Car Replacement

Skift Survey: More Evidence of Uber Becoming a Rental Car Replacement

Rafat Ali, Skift

The substitution effect is real, and car rental companies for the first time are beginning to look like transitory businesses.

2 years ago

Car Rentals in Europe Are Getting Cheaper for Americans

Car Rentals in Europe Are Getting Cheaper for Americans

Andrew Sheivachman, Skift

The strong U.S. dollar and increased demand for international travel has driven down rental car costs for American travelers in Europe.

3 years ago

Study: Millennials Are More Satisfied With Their Rental Cars Than Other Groups

Study: Millennials Are More Satisfied With Their Rental Cars Than Other Groups

Andrew Sheivachman, Skift

As consumers age, they tend to become more satisfied with their experiences. Millennials are no different.

3 years ago