Car Rental News
Hertz and AAA Ready to Ignite the Next Chapter of Long Standing Partnership
Hertz, one of the most recognized vehicle rental companies around the globe, and AAA, one of North America’s largest and most trusted membership organizations serving over 56 million U.S. members, have extended their exclusive, 45-year relationship with the signing of a new five-year agreement.
HERTZ NAMES WAYNE DAVIS AS CHIEF MARKETING OFFICER
Hertz Global Holdings Inc. announced today that veteran marketing and sales executive Wayne Davis will join the company as Executive Vice President, Chief Marketing Officer (CMO), effective January 3, 2023.
Hertz and GM Plan Major EV Expansion
Hertz and General Motors Co. today announced an agreement in which Hertz plans to order up to 175,000 Chevrolet, Buick, GMC, Cadillac and BrightDrop EVs over the next five years
Fifth of car hirers find existing damage not marked on check-out sheet
Almost a fifth of car hirers found existing damage on a hire car at pick-up that was not marked on the rental company’s check-out sheet, according to a new survey.
New leadership for Eco Rent A Car
Eco Rent A Car, an India-based ground transportation service provider, has named Gautam Nath as its new chief executive. Nath will spearhead the company’s operations as it enters into a new phase of growth and expansion.
Ford leads investors in Indian car rental giant Zoomcar
Zoomcar has closed US$24 million in a Series B investment round led by Ford Smart Mobility, a subsidiary of Ford Motor Company. Existing investors Sequoia Capital, Nokia Growth Partners and Empire Angels also participated. The funds will be used primarily to accelerate its marketplace model, along with furthering its technological lead.
Dubai Airports launches new car rental platform
Dubai Airports has teamed up with rentalcars.com to provide passengers with an easy and cost effective way to rent a car directly from the Dubai Airports website. The new multi-lingual service – available in English and Arabic – allows customers to browse and select rental options in more than 160 countries and 28,000 locations. The page also provides a list of car rental companies available at Dubai International and Al Maktoum International at Dubai World Central, with a link to a map of the two airports.
Signature Car Hire sets sights on new Ferrari 488 GTB
Another hot supercar released by Ferrari, the 488 GTB, has been added to the purchase list at Signature Car Hire. A mid-engine V8 sports car that features design influences from F1 and WEC is set to get car enthusiasts fighting to get a first glimpse at this new stunning performance vehicle.
Global car rental market expected to double in size by 2019
The global car rental market was valued at US$37 billion in 2013, according to research from Transparency Market Research, a figure expected to reach US$80 billion by 2019. The research, released in a report entitled Car Rental Market - Global and US Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013-2019 – expects the market to grow at a CAGR of 13.6 per cent from 2014 to 2019.
Benefits of renting a vehicle for summer travel
A recent survey found that more than 75% of summer leisure travelers are planning to drive to their destination this summer, driving an average of 689 miles round-trip. In fact, this past Independence Day, AAA forecasted roughly 35 million travelers traveled by automobile, the highest level since 2007.
Global car rental market to Reach USD 79.46 billion in 2019
According to a new market report published by Transparency Market Research “Car Rental Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019,” global car rental market was valued at USD 36.89 billion in 2013, growing at a CAGR of 13.6% from 2014 to 2019 to account for USD 79.46 billion in 2019.
New York City priciest place to rent car in USA
Nowhere in the United States is renting a car more costly than in New York City according to a new survey. In coming up with the rankings, the survey compared 50 main destinations in the USA based on their car rental rates over the past 12 months.