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
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
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
Isaac Carey, Skift
It's kind of amazing how many things went wrong.
5 months ago
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
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
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
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
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
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
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
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
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