How to Reduce the Risk of Auto Rental Chargebacks
Dec 28, 2016 · According to UniBul Merchant Services, there is a direct correlation between customer disputes and chargebacks. Fewer disputes mean fewer chargebacks. UniBul recommends putting customer satisfaction at the center of credit card processing procedures, including getting new authorization every time that the customer requests to extend the rental ...
Hertz to Replace One-Third of EV Fleet with ICE Vehicles
Jan 11, 2024 · As electric vehicles face more driver and consumer resistance, Hertz plans to shed 20,000 EVs from its U.S. fleet and reinvest the sales proceeds back into internal combustion engine (ICE) vehicles, according to a Jan. 11 Form 8-K regulatory filing with Securities and Exchange Commission. The EVs, comprising a third of Hertz’s global EV fleet ...
Articles - Auto Rental News
How Rental Car Companies Can Navigate the Maze of Damage Recovery. Auto rental companies that have adopted AI-based damage assessment technology see sizable decreases in vehicle downtime and much more customer satisfaction. 5 Major Issues Top Rental Car Industry Event, Midway Car Rental Boldly Embraces Fleet Market Shifts, Learning How to ...
Dealership Rentals: 12 Factors for Success - Auto Rental News
Sep 2, 2020 · Dealership Rentals: 12 Factors for Success. Whether it is sales, service, parts, or a rental operation, every department of a dealership should be expected to turn a profit and stand on its own as a revenue generating profit center. Photo via Depositphotos. For auto dealers with no or little experience in car rental, making the decision to ...
2022 Auto Rental News Fact Book Now Online
Dec 20, 2021 · Auto Rental News announces that its 2022 Fact Book is now available to read online. The 34th edition of this annual publication provides new insight, data, and analysis covering the car rental industry. Dig in to find the latest updates on revenue, locations, and cars in service by rental operator; travel and spending forecasts; rate and wholesale data; J.D. Power's satisfaction ratings ...
Rental Car Market Outlook Spans Strong Macros and Mixed Micros
Apr 24, 2024 · State of Car Rental Industry. Starting with some positive macro-factors, Healy cited how TSA screenings at airports are still strong with a 7% increase year-to-date in mid-April, despite GDP up only 2-3%.
Getaround Acquires Most of HyreCar’s Assets - Auto Rental News
May 15, 2023 · HyreCar customers will now have access to Getaround Connect, a contactless sharing platform for the carsharing industry. HyreCar, a business that specializes in carsharing, ridesharing, and the delivery of food and packages, has declared that it will sell most of its possessions to Getaround in a transaction expected to close on or about May 15.
Michael DeLorenzo Wins Auto Rental News Impact Award
Mar 31, 2017 · Michael DeLorenzo received the inaugural Auto Rental News Impact Award for outstanding service to the auto rental industry. DeLorenzo serves as the executive vice president of International Franchise Systems (IFS), which owns the NextCar, Priceless, and Rent-A-Wreck brands. He is also a member of the American Car Rental Association’s (ACRA ...
Cox Automotive Creates Mobility Fleet Service Network
Jan 14, 2019 · National mobile car care company RideKleen, which Cox Automotive acquired in October 2018, will lead the initial rollout of mobile fleet services. RideKleen currently operates in 10 mobility-centric markets — Atlanta, Boston, Chicago, Los Angeles, New York, Philadelphia, Pittsburgh, San Diego, San Francisco, and Washington, D.C. — where it ...
2022 U.S. Car Rental Revenue of $36.1B Shatters Records
Dec 14, 2022 · Despite continuing challenges around vehicle supply, staffing shortages, demand shifts, and the cloud of a recession, the U.S. car rental industry earned an estimated $36.1 billion in revenue for 2022, based on data collected by Bobit. That yearly total represents a 24.7% growth over 2019’s record year and is likely the highest year-over-year ...