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
Author: Auto Rental International Online News
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
Ohio Carsharing Plan Put on Hold by COVID-19
An Ohio town carsharing scheme has been put on hold, as the public has not had ample opportunity to weigh in due to the coronavirus. According to The Chronicle, the Oberlin City Council’s plan with Sway Mobility of Shaker Heights would supply two electric vehicles, either Nissan Leafs or Chevy Bolts, a charging station, insurance,… Continue reading Ohio Carsharing Plan Put on Hold by COVID-19
Private Equity Firm Takes Stake in CarTrawler
CarTrawler announces the winners of its 2019 Customer Satisfaction Awards in Dublin in November, 2019. Photo courtesy of CarTrawler. CarTrawler, a B2B provider of car rental and mobility solutions to the global travel industry, announced on May 19 a controlling equity investment more than €100 million ($111 million) from TowerBrook Capital Partners L.P., an international investment… Continue reading Private Equity Firm Takes Stake in CarTrawler
How Hertz’s Forced Fleet Sale Could Affect the Used Car Market
Chapter 11 is an expensive process, including the obligations that debtors must pay while in bankruptcy. Photo via Enjosmith/Flickr. The sub headline under the Hertz bankruptcy is “Hertz fire sale will flood the used car market and depress prices.” This analysis won’t get us closer to knowing exactly to what extent pricing will be affected —… Continue reading How Hertz’s Forced Fleet Sale Could Affect the Used Car Market
Advantage Rent A Car Files for Chapter 11 Bankruptcy
The bankruptcy petition lists liabilities between $500 million to $1 billion, with estimated assets of $100 million to $500 million. Logo via Advantage Rent A Car. The parent company of Advantage Rent A Car, Advantage Opco LLC, filed for Chapter 11 bankruptcy on Tuesday. The company is owned by Toronto-based private equity firm Catalyst Capital… Continue reading Advantage Rent A Car Files for Chapter 11 Bankruptcy
Hertz Files for Chapter 11 Bankruptcy
Hertz reported $18.8 billion in debt in its first quarter filing. Photo via Flickr/Atomic Taco Hertz Global Holdings announced on May 22 that the company and certain of its U.S. and Canadian subsidiaries have filed for Chapter 11 bankruptcy. All of Hertz’s businesses globally, including its Hertz, Dollar, Thrifty, Firefly, Hertz Car Sales, and Donlen… Continue reading Hertz Files for Chapter 11 Bankruptcy