Alex Webb and David Welch, Bloomberg
Using car rentals to get consumers familiar with the technology is a smart move. Smart enough that Google had the same idea today, too.
4 weeks ago
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.
2 months ago
Sean O'Neill, Skift
Everyone has had a rental car nightmare — lost bookings, mysterious dents, or surprise fees. But rental car companies now face a nightmare of their own in fierce car-sharing competition. Expect Hertz's Blacklane deal to be one of many initiatives as it copes.
4 months ago
Jamie Butters and David Welch, Bloomberg
The new CEO at Hertz will have a tough job when she starts in January. Travelers accustomed to on-demand options are losing patience with the complicated process of renting a car even as ride-sharing services continue to prove an attractive alternative.
7 months ago
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.
8 months ago
David Welch, Bloomberg
We are not sure that Hertz can ever fix its issues, especially as on-demand services like Uber and Lyft give business travelers fewer reasons to hit the car rental desk at the airport.
9 months ago
Car rental companies have bounced back in the last year by becoming smarter about how they reach customers and invest in technology.
12 months ago
Melissa Mittelman , Bloomberg
If you can't beat 'em, then join 'em -- or at least, from Hertz's perspective, partner with Uber and Lyft to attract a new revenue stream. Hertz, Avis Budget, Enterprise and others can't sit on their butts and they are scurrying to adapt.
1 year ago
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.
Dan Peltier, Skift
Hertz knows it needs to get more involved in ride-sharing to keep itself relevant but isn't yet sure what that solution is. It doesn't see its current Lyft partnership as strategic, but it was still willing to test the ride-sharing waters.
Rafat Ali, Skift
The substitution effect is real, and car rental companies for the first time are beginning to look like transitory businesses.
Associated Press
If by "excess capacity" he means "Uber" then, yes, we are in agreement.
