Articles tagged “hertz”

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

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.

4 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.

4 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?

7 months 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.

10 months 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.

12 months 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.

1 year 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.

1 year 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

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

Hertz Loses Half Its Market Value Following Earnings Report

Hertz Loses Half Its Market Value Following Earnings Report

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.

2 years ago

Rental Car Execs Say Business Is Strong Despite Brexit and Terror

Rental Car Execs Say Business Is Strong Despite Brexit and Terror

Andrew Sheivachman, Skift

Car rental companies have bounced back in the last year by becoming smarter about how they reach customers and invest in technology.

2 years ago

Next Page