Volkswagen sold its stake to investment firm Eurazeo SE in 2006. Photo via Europcar. Volkswagen Group is in talks to acquire Europcar Mobility Group, according to a Reuters report that cited people familiar with the matter. Volkswagen, which became the sole shareholder in Europcar in 1999, sold its stake to investment firm Eurazeo SE in… Continue reading VW in Talks to Acquire Europcar
Author: Auto Rental International Online News
Manheim Index Shows Historic Spike
Comparing the first 15 days of June to the month of May, the Index increased 6.6% to 146.1, which is up 4.0% from June 2019. Screenshot via Manheim. The Manheim Used Vehicle Value Index increased 6.6% comparing the first 15 days of June to the month of May. This brought the Index to 146.1, which is up… Continue reading Manheim Index Shows Historic Spike
Arcimoto, HyreCar Partner on Last-Mile EV Delivery Rental
Designed to quickly, safely, and affordably get the goods where they need to go, the Deliverator will target 100 city miles of range, 75-mph top speed, 350-pound carrying capacity, and over 20 cubic feet of cargo space. Photo courtesy of Arcimoto. Arcimoto’s Deliverator, an ultra-efficient, three-wheel electric vehicle designed for local and last-mile delivery, will be… Continue reading Arcimoto, HyreCar Partner on Last-Mile EV Delivery Rental
Cars and Truck Segment Improvements Reflect Strength in Wholesale Values
Graphic: Black Book The second week of June continued a story of rebounding wholesale prices, with volume-weighted overall car and truck segments both showing gains for a third week in a row, gaining 0.62% overall, Black Book reported. Volume-weighted, the overall car segments increased by 0.88% (compared to 0.16% the prior week) and the overall… Continue reading Cars and Truck Segment Improvements Reflect Strength in Wholesale Values
Hertz Suspends Plan to Issue New Shares
On June 12, the U.S. Bankruptcy Court for the District of Delaware granted Hertz approval to sell up to $1 billion in stock. Photo via Atomic Taco/Flickr. Hertz has suspended its plan to issue up to $500 million in stock shares, according to a Securities and Exchange Commission filing today. The filing states that Hertz was… Continue reading Hertz Suspends Plan to Issue New Shares
Small Car Rental Companies Pivot to New Business
Rich Guernsey, owner of Rabbit Rentals in Utah, installed keypads on the doors of his vans for $150 to facilitate a contactless rental process. Photo courtesy of Rabbit Rentals. “The coronavirus crisis could not have come at a worse time,” wrote Rich Guernsey, owner of Rabbit Rentals, on May 21. “We took delivery of the… Continue reading Small Car Rental Companies Pivot to New Business
HyreCar: Rental Days Rebound to Pre-COVID-19 Growth
HyreCar also just completed moving its primary and excess automobile insurance liability programs over to Lloyd’s Apollo 1969 syndicate, an insurance provider in the gig economy that provides insurance to many of the top companies in rideshare transportation and food delivery. Photo via Depositphotos. HyreCar Inc., a carsharing marketplace for ride-hailing and delivery fleets, provided a… Continue reading HyreCar: Rental Days Rebound to Pre-COVID-19 Growth
Hertz Bankruptcy Court Approves $1B Stock Sale
Hertz said in the filing that the net proceeds would be used for general working capital purposes. Photo courtesy of Hertz. The U.S. Bankruptcy Court for the District of Delaware granted Hertz approval on Friday to sell up to $1 billion in stock. Hertz said in the filing that the net proceeds would be used… Continue reading Hertz Bankruptcy Court Approves $1B Stock Sale
Uber Trials Daily Car Rentals in Australia
To use Uber Rent, Uber clients in Brisbane must update the Uber app that allows them to select a rental. Photo via Uber. Uber has launched a new platform — Uber Rent — that allows ride-hail customers to rent a car. Brisbane, Australia is the first city to trial the service, according to an Uber… Continue reading Uber Trials Daily Car Rentals in Australia
Didi Chuxing to Issue Coupons to Boost Domestic Travel
The coupons, which provide a maximum discount of 15 yuan ($2), can be accessed via the company’s app or a QR code from June 2 to 29. Photo via Didi Chuxing. Chinese ride-hailing group Didi Chuxing will issue e-coupons in an effort to boost domestic travel, Xinhua reports. The company told the news outlet that due to… Continue reading Didi Chuxing to Issue Coupons to Boost Domestic Travel