Articles tagged “hertz”

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.

1 week 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.

3 months 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.

5 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.

5 months 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.

9 months 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.

9 months 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?

1 year ago

Hertz and Avis Prep for Future With Self-Driving Car Partnerships

Hertz and Avis Prep for Future With Self-Driving Car Partnerships

Andrew Sheivachman, Skift

Car rental giants are looking to the future, with the goal of handling logistics for whatever company ends up winning the automated car arms race. If you can't beat them, join them.

1 year ago

Apple Partners With Hertz for Self-Driving Car Trials

Apple Partners With Hertz for Self-Driving Car Trials

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.

1 year ago

Car Rental Companies Have Too Many Vehicles and Not Enough Customers

Car Rental Companies Have Too Many Vehicles and Not Enough Customers

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 years ago

Hertz’s Latest Twist Is Adding Private Driver Services From Blacklane

Hertz’s Latest Twist Is Adding Private Driver Services From Blacklane

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.

2 years ago

Hertz to Get Third CEO in 2 Years as John Tague Exits Struggling Company

Hertz to Get Third CEO in 2 Years as John Tague Exits Struggling Company

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.

2 years ago