31 Articles
Opinion

The hassles of signing up for Maven left me frustrated, without a car and headed for Avis.

The hassles of signing up for Maven left me frustrated, without a vehicle and headed for Avis.

Official

Here's what it hopes to accomplish.

Avis will link 5,000 rental cars wirelessly to the internet and each other in Kansas City

Official

Zipcar is about to expand driver options in North America.

Zipcar will expand one-way carsharing offerings, make reservations more flexible.

Report

General Motors is gearing up to begin recalling 1.6-million cars for faulty ignition switches, and in preparation, it has struck deals with rental car agencies Enterprise, Avis and Hertz to reserve thousands of loaner vehicles to serve affected customers. The company has even dropped its policy to only rent out GM models from the current or previous year, which means some owners will likely be driving competitors' cars during the repair.

Report

Carsharing venture DriveNow GmbH, owned by BMW and European rental company Sixt AG, is expected to be profitable this year, the first time that will happen since starting up two years ago. BMW hopes to overtake German rival Daimler (with Car2go) in this growing space as urban consumers become more interested in transportation alternatives like carsharing.

Breaking

While some hipsters were bummed out by the idea of car rental giant Avis owning quirky car sharing innovator Zipcar, US regulators will probably approve the deal. That's what Reuters found out after conducting an informal poll of nine antitrust experts. While several of them feared loss of the lively upstart business, eight of the nine experts think that US regulators will approve the deal.

Could this replace a new car for you?

Car sharing has become big business, and it is getting bigger and more competitive. The purchase by Avis/Budget of Zipcar for a reported $491 million is just the latest big name trying to share a piece of the car sharing pie.

Official

Zipcar is testing out a pilot program it calls the "Access Plan" in Toronto and Vancouver, Canada, that requires no annual fee. It's a weekday program available only Monday through Friday – excluding holidays – that allows members to drive some Zipcars and Zipvans (where available) at a lower cost.

Car sharing is catching on so much that rental car giant Avis has purchased the best-known brand in that industry, Zipcar, for $500 million.

Report

Zipcar has long been the granddaddy of carsharing programs, and has spent years forming partnerships with colleges, cutting a deal with Ford and working with the Feds to become a vendor in the government's Short Term Rental (STR) program. The company also first turned a profit in late 2011. A history like that was attractive enough to traditional car rental company Avis that Avis today announced it will buy Zipcar for $500 million. Avis is paying $12.25 per share. Zipcar's stock closed at $8.24

Rental giant wants in on the trend

Car sharing is catching on so much that rental car giant Avis has purchased the best-known brand in that industry, Zipcar, for $500 million.

Report

Bowing to pressure from consumers and advocacy groups, major car rental companies have agreed to end the practice of renting cars that have been recalled for safety problems.

Report

Hertz and Avis have been fighting to get their hands on Dollar-Thrifty for over a year now, with the latest volley coming from the Hertz camp. According to Bloomberg, the world's largest airport rental car company has offered $72 per share for Dollar-Thrifty, or 24 percent more than a recent offer from Avis. The offer consists of of $57.60 in cash and .8546 Hertz shares per share of Dollar-Thrifty.

Economists and talking heads argue endlessly about our economy on a daily basis. "It's back!," "It's almost back!" and "It's never coming back!" seem to be the leaders among the varied viewpoints we hear and read about. One sector that has apparently begun to rebound is the car rental business. Not necessarily in financial terms, but from the standpoint of customer satisfaction, America's rental car companies are returning to to a position last seen in the pre-recession days.

Renault Fluence ZE concept - click above for high-res image gallery

2010 Porsche Panamera – Click above for high-res image gallery

Hertz Fun Collection Chevrolet Corvette ZHZ - click above to enlarge