As car rental companies around the world jump on 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.
Europe'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 faster on a massive order of Tesla Model 3 vehicles.
January’s government shutdown, the most severe in U.S. history, wreaked havoc on government employees. It also negatively impacted the car rental agency and other transportation and hospitality industries.
The estimated annual growth will be driven by such factors as a boost in air travel, higher levels of disposable income among clients and an increasing degree of tourism, both domestic and international.
With car rental companies hinting at further transitioning over to green fleets, UFODRIVE, is differentiating itself from the rest of the market by having nothing but electric powered vehicles in its rental inventory.
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.
Turo has had an impact on the car rental market like never before. It has established players scrambling for a competitive advantage with the government second-guessing itself in how to even define the industry.
The worldwide luxury car rental market is expected to exceed $22.5 billion, according to a Market Research Nest study. That’s a phenomenal jump in a short span, as the industry was worth some $10 billion in 2016.
Rental car reservations that exclusively require credit cards may soon be a thing of the past. Dollar Rent-A-Car’s announced its latest policy will enable employees to accept debit cards to hold vehicles as well.
According to trade publication Auto Rental News, there’s plenty of reason to be optimistic about how accessing the amenities of the current information age can help the bottom line regardless of company size.