All articles tagged with #rental cars
Hertz has partnered with Amazon Autos to sell used rental cars in select US cities, with plans to expand to 45 locations, offering customers a convenient online shopping experience for pre-owned vehicles from various brands.
Austin and Travis County leaders are warning the public about potential impacts of the upcoming total eclipse, advising residents to prepare for increased traffic, limited cell phone service, and fully booked rental cars. With several major events coinciding with the eclipse, officials are urging Austinites to avoid non-essential travel, plan for early departures, and expect busy airport travel. A disaster declaration has been signed to ensure first responders have necessary resources, and state leaders are also preparing for a substantial increase in traffic volumes on major corridors.
SIXT, a global rental car giant, has decided to purchase up to 250,000 vehicles from Stellantis for its fleets in North America and Europe after dropping Tesla due to deep price cuts and higher repair costs. The multi-billion euro deal will include EVs, PHEVs, and gas cars, with plans to electrify 90% of its vehicles in Europe by the end of the decade. This move comes as Stellantis aims to transition to electric vehicles, and follows a similar decision by Hertz to sell off around 20,000 Teslas for similar reasons.
Hertz is scaling back its plans to incorporate more electric vehicles (EVs) into its fleet due to challenges such as high repair costs and depreciation. The company initially aimed to have 25% of its fleet as EVs by the end of 2024 but is dropping that goal. Rideshare drivers have been damaging Hertz's EVs at a higher rate than expected, leading to an oversupply and decreased revenue. Repairing damage to EVs is also more expensive compared to combustion-engine vehicles. Additionally, Tesla's price cuts have negatively impacted the fair market value of Hertz's EVs. Despite these setbacks, Hertz remains committed to its long-term strategy of electrifying its fleet. The electric car industry as a whole is facing difficulties, with sales slowing down and automakers cutting prices and reducing spending on EVs.