Rental Car Companies

Enterprise expands car-sharing business into Canada

6:23 pm U.S. ET | March 27, 2014
Enterprise Holdings’ Canadian subsidiary has purchased a car-sharing company in Toronto. Enterprise Rent-A-Car Canada’s acquisition of AutoShare CarSharing Network is the Canadian subsidiary’s first entry into the car-sharing business.... Read More »

 

BMW will expand car-sharing unit in Europe, U.S.

March 9, 2014 06:15 CET
BMW plans to expand its DriveNow car-sharing program to as many as 25 new cities to lure younger customers in Europe and the U.S.... Read More »

 

Global vehicle sales will likely peak in next decade, analysts say

12:01 am U.S. ET | March 1, 2014
The planet that Henry Ford put on wheels is poised for a stall. The world will reach "Peak Car" -- a point at which annual global sales growth will top out -- in the next decade, analysts predict.... Read More »

 

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

What's next for car sharing?

Feb. 7, 2014 06:15 CET
Car sharing in Europe went mainstream in 2013 as consumer awareness snowballed and more global automakers joined the sector.... Read More »

 

Report: Every shared car means 32 lost sales

4:41 pm U.S. ET | Feb. 4, 2014
Each vehicle in the Zipcar or car2go car-sharing fleet means 32 lost vehicle sales, according to a report from consulting firm AlixPartners. The report, based on a survey of 2,000 adult car-sharing customers, also said Americans would have bought 500,000 new or used vehicles since 2006 if not for access to car-sharing services, a total that could grow to 1.2 million by 2020.... Read More »

 

Chevy offers free Impala weekend drives for National renters

12:01 am U.S. ET | Feb. 1, 2014
Chevrolet is offering members of National Car Rental's frequent renters clubs who recently rented 2014 Chevrolet Impalas a weekend of seat time in another Impala for free.... Read More »

 

2014 AUTOMOTIVE NEWS WORLD CONGRESS

Ford COO expects millennials to fuel era of auto growth

12:01 am U.S. ET | Jan. 20, 2014
Driven by the rise of the millennial generation and a global growth boom, the auto industry is in the midst of a new golden age, Mark Fields, Ford Motor Co. COO, said in a speech at the Automotive News World Congress.... Read More »

 

Carl Icahn buys up to 40 million shares of Hertz, report says

3:00 pm U.S. ET | Jan. 3, 2014
Longtime Wall Street investor Carl Icahn bought as many as 40 million shares of stock in rental car giant Hertz Global Holdings Inc., CNBC reported today.... Read More »

 

Hertz shares jump after board adopts 'poison pill' stock plan

8:42 am U.S. ET | Jan. 1, 2014
Hertz Global Holdings rose to a record high after the largest publicly traded rental-car company said it adopted a so-called poison pill upon seeing “unusual and substantial activity” in its stock.... Read More »

 

How self-driving cars could transform the rental market

12:01 am U.S. ET | Nov. 4, 2013
Self-driving vehicle technology could one day give new meaning to Enterprise Rent-A-Car's "We'll Pick You Up" tag line.... Read More »

 

Payless Car Rental goal: Few new cars

12:01 am U.S. ET | Nov. 4, 2013
Rental-car companies’ efforts to use their vehicles more efficiently could, over the long term, chip away at automakers’ fleet sales.... Read More »

 

ARLENA SAWYERS

Recycling rental cars, before they're retired

4:18 pm U.S. ET | Nov. 1, 2013
Avis Budget Group sure knows how to get the most out of its rental cars. Many of its cars do double- or even triple-duty before being sold online directly to dealers and to consumers.... Read More »

 

Next at auctions: Multiple platform sales

12:01 am U.S. ET | Oct. 28, 2013
Listing used vehicles for sale simultaneously on multiple online remarketing platforms is the next big thing in used-vehicle wholesaling.... Read More »

 

Retailer Kuni plunges into multiplatform plan

12:01 am U.S. ET | Oct. 28, 2013
Kuni Automotive will wholesale its used vehicles on multiple remarketing platforms to its own stores and to other buyers.... Read More »

 

Tesla EVs offered by Hertz at Calif. airports

9:02 pm U.S. ET | Sept. 26, 2013
A handful of Tesla Motors electric cars are now available for rental at two California airports by Hertz Global Holdings, which is adding more upscale autos to its fleet.... Read More »

 

Zipcar boosts Detroit car-sharing fleet to 40 vehicles from 10

4:36 pm U.S. ET | Sept. 25, 2013
Car-sharing company Zipcar said it expanded its Detroit fleet to 40 vehicles from 10.... Read More »

 

Car sharing users to reach 12 million by 2020, report says

2:31 pm U.S. ET | Sept. 16, 2013
Car sharing services are expected to have more than 12 million members worldwide by 2020, up from 2.3 million this year, a report from Navigant Research said.... Read More »

 

Used-vehicle forecast: Softer prices, better selection

12:01 am U.S. ET | Sept. 9, 2013
An industrywide uptick in used-vehicle volume into 2014 will soften prices of those vehicles, forecasters and industry executives predict.... Read More »

 

BMW aims to expand car sharing in U.S.

12:01 am U.S. ET | Sept. 1, 2013
BMW wants to expand its DriveNow car-sharing program to U.S. cities that will allow its electric vehicles to be picked up and dropped off on public streets.... Read More »

 

Penske-Hertz deals yield cash, cars

12:01 am U.S. ET | Aug. 5, 2013
Penske Automotive Group Inc. said it gained $15 million in additional revenue in the second quarter from deals with Hertz Corp. that make Penske the exclusive operator of some Hertz rental locations in Memphis, Tenn., and parts of Indiana, including airport locations in Fort Wayne, Indianapolis and South Bend.... Read More »

 

Avis Budget acquires Payless Car Rental for $50 million

11:04 am U.S. ET | July 16, 2013
Avis Budget Group acquired Payless Car Rental for about $50 million in cash, adding a company that focuses on value customers. Payless has about 120 locations in North America, Europe and South America and generates $80 million in annual revenue, according to a statement on Monday.... Read More »

 

Hertz expands 24/7 service that mimics car-sharing

2:52 pm U.S. ET | June 28, 2013
Auto-rental company Hertz Global Holdings is expanding its presence in the car-sharing sphere by making more of its fleet accessible to customers throughout the day for short- or long-term rentals.... Read More »

 

Enterprise Holdings vet Nicholson takes the reins

12:01 am U.S. ET | June 10, 2013
Enterprise Holdings Inc.'s new boss, Pamela Nicholson, is the rental-car company's first leader from outside the founding Taylor family, but she knows Enterprise well. Nicholson, promoted last week to CEO, has been at the company for 32 years. She has been COO for 10 years and president for five, Enterprise said.... Read More »

 

Ford joins Europe car-sharing sector as demand surges

May 30, 2013 06:01 CET
Ford is joining rivals including Daimler, VW and PSA in offering a car-sharing scheme in Europe, where demand for the service is expected to surge to 15 million users by the end of the decade from 700,000 now.... Read More »

 

Enterprise acquires Chicago's nonprofit I-Go car-sharing service

5:10 pm U.S. ET | May 28, 2013
Enterprise Holdings, the parent of Enterprise Rent-A-Car, Alamo and National, has acquired Chicago-based nonprofit car-sharing service I-Go, the companies announced Tuesday.... Read More »

 

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How a Texas Toyota store solved used-car-supply challenge

How a Texas Toyota store solved used-car-supply challenge

Mike Shaw Toyota in Corpus Christi, Texas, struggled to find good used cars. So it started providing free appraisals to service customers and offered to buy their vehicles on the spot. Mon., April 14
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