Articles tagged “hertz”

Hertz and Avis Double Down on Ridehailing Strategy

Hertz and Avis Double Down on Ridehailing Strategy

Isaac Carey, Skift

It's been hard for car rental companies to adapt to disruptors like Uber and Lyft, but their recent strategies show promise.

2 months 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.

5 months ago

Hertz Wanted a Cool Website: It Ended Up With a $32 Million Legal Nightmare

Hertz Wanted a Cool Website: It Ended Up With a $32 Million Legal Nightmare

Isaac Carey, Skift

It's kind of amazing how many things went wrong.

5 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.

7 months ago

Hertz Partners With Clear to Ease Rental Car Pain With Biometrics

Hertz Partners With Clear to Ease Rental Car Pain With Biometrics

Colin Bertram, Bloomberg

Rental car checkout is a nightmare if you don't have any loyalty status with the company. Maybe this new perk will make Clear's annual fee worthwhile for more frequent travelers.

9 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.

11 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.

1 year 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.

1 year 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

Hertz Is Still Bogged Down in Its Turnaround Investment Plans

Hertz Is Still Bogged Down in Its Turnaround Investment Plans

David Welch, Bloomberg

Hertz has a big job on its hands to turn the company around. But will investor Carl Icahn be patient? It is not his signature attribute.

2 years ago

Wyndham and Car Rental Companies Cut Ties With National Rifle Association

Wyndham and Car Rental Companies Cut Ties With National Rifle Association

Polly Mosendz , Bloomberg

Kudos to Wyndham, Best Western, Hertz and Enterprise for taking action to end ties with the National Rifle Association. We expect to be able to add more names to the list in coming days.

2 years ago

Rental Car Companies Have Inched Their Way Back From the Brink

Rental Car Companies Have Inched Their Way Back From the Brink

Andrew Sheivachman, Skift

Now that the car rental giants have sold off their extra cars, they can focus on continuing to grow revenue. But is there really a long-term future for rental cars in a world that has embraced ridesharing?

2 years ago