Monthly Archive: February 2019

Feb 28

Rise in Electric Cars Could Spark Rental Boom

Ride-sharing companies that specialize in electric vehicles or are expanding into using more green-technology vehicles have discovered a link between consumers and their automobile preferences that they claim will work in their favor down the road. As reported by utility drive, several firms offering sharing services like rides and vehicles predict that as demand for …

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Feb 27

Enterprise Wins Top Customer Service Award

U.S.-based consumer lobby group Elliott Advocacy, geared towards the travel and hospitality industries, selected Enterprise as the top car rental company of 2018 in its annual customer service survey. Hertz, Budget, Alamo and National rounded out the top five based on balloting conducted by Elliott in November and December of 2018. Earlier in February, Enterprise …

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Feb 23

Cold Conditions Compromise Electric Car Range

While car rental companies around the world trip over themselves to jump onto the electric vehicle bandwagon, a recent study by the American Motor Association might prompt industry players in cooler climates to take notice of one issue. As many owners of green vehicles discovered during the Polar Vortex earlier in 2018, which saw temperatures …

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Feb 22

One-Hundred Tesla Model 3 Cars Ordered By German Vehicle Rental Firm

If the winds of change in Europe’s auto rental industry are any indication, the next series of gusts will probably have less of a petroleum aroma to them. The continent’s going the electric vehicle route in a big way, and the latest move by Germany’s car rental firm nextmove is accelerating the transitional timetable even …

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Feb 19

U.S. Gov’t Shutdown Takes Toll On Car Rental Market

January’s shutdown of the federal government, the most severe in U.S. history, wreaked havoc on roughly 800,000 government employees, it also negatively impacted the car rental agency and other transportation and hospitality industries. As reported by Barron’s, information compiled by research firm Guidepoint Data released in mid-February revealed that government bookings for auto rentals plummeted …

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Feb 18

Airport Car Rental Market To Hit Nearly $50 Billion By 2023

A new study issued by Texas-based market research firm Lucintel states that the global airport car rental market could grow to as high as $49.1 billion by 2023. The growth, estimated to be at an average annual rate at 6.7 percent, will be driven by such factors as a boost in air travel, higher levels …

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Feb 14

European Auto Rental Agency All-Electric Car Fleet

With car rental companies hinting at further transitioning over to green fleets, one agency in Europe has taken it a step further. UFODRIVE, based at airports in Brussels, Hamburg and Luxembourg, is differentiating itself away from the rest of the market by having nothing but electric powered vehicles in its rental inventory. After officially launching …

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Feb 13

Auto Manufacturers Threatened by Massive Car Rental Boom in Moscow

In North America, Europe and parts of Asia, the car-rental industry has been enjoying a steady increase for years. But that growth is nothing compared to the leasing frenzy taking place in Moscow these days. For the past five years, car rentals in the Russian capital have jumped to the point where revenue charts display …

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Feb 12

Arizona Lawmakers at Odds Over Car-Sharing Regulations

In much the same way Uber turned the taxi industry topsy turvy, car-sharing company Turo has had an impact on the car rental market like never before. It has established players scrambling for a competitive advantage and even the government second-guessing itself in how to even define the industry. It’s the latter issue that’s raised …

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Feb 11

Luxury Car Rental Market to Exceed $22.5 Billion by 2022

The worldwide luxury car rental market is expected to exceed $22.5 billion, according to a Market Research Nest study released Feb. 7. That’s a phenomenal jump in the market’s value, considering the industry was worth some $10 billion in 2016. Taking in reports from 12 of the biggest car rental players in the industry, regional …

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