Weekly News Wrap Up
Each week we’ll bring you the latest news, information and updates from across the carshare industry. Here’s this week’s news.
Turo CEO: ‘We’re uniquely positioned to alleviate this rental car crunch’
ANDRE HADDAD: You know, we're uniquely positioned to alleviate this rental car crunch, because our hosts have already cars that they own. And you know, they're already leveraging this underutilized asset, which is the car. As you know, cars are idle the vast majority of the time. So we're uniquely positioned to help alleviate this rental car crunch, which is making travel a lot harder for many people. (Read More)
App on Phone Helps You Locate Cars To Rent
As we approach the end of the global pandemic, we continue to hear of shortages in many industries. The car rental business reports that there are fewer and fewer vehicles out there to rent, so some are now renting their OWN vehicles to those in need. As a matter of fact, there is a new app that you can download onto your phone and it allows you to find personal vehicles up for rent. (Read More)
Car Sharing: How To Make Money Renting Out Your Car
If you haven’t been driving much lately, you may be thinking about how much your car is costing you as it sits in your driveway. The good news is that you can make money renting out your car, just as you would renting out your home on AirBnB or a similar platform. Here’s what you need to know about the 4 top companies that will rent out your car. (Read More)
You Can Now Rent Any Car at Canada's First Peer-to-Peer Car Share Platform From Toyota to Lamborghini
Canadians can now get behind the wheel of luxury, sport, electric, and exotic vehicles through the country’s first peer-to-peer car-sharing company. Eligo Cars offers private car owners the opportunity to earn extra money and rent out their vehicles to reliable drivers across the province. Many of the listings on Eligo are not available through traditional car rental companies. (Read More)
Turo vs Getaround-Comparison for choosing the best car
There are two major car-sharing companies in the United States. Therefore it can be confusing for people to choose the actual better one. To help with the same, this blog provides a comparative review of Turo versus Getaround and describes their features, popularity, market coverage, and other factors to determine which is the best of the two. (Read More)
Car rental rates are through the roof, but here’s how you can save money this summer
You can fly from Burbank to Bozeman, Montana, one of the gateways to Yellowstone National Park, for $38 round trip, thanks to fares offered for Aug. 11-18 on startup Avelo Airlines. Super deal. Then you decide to book a rental car. The best price for an on-airport rental that turned up on Kayak, a search aggregator, was — wait for it — $2,028 for a week. That’s through Hertz, which chooses the model for you and asks you to pay in advance. Welcome to car wars, the rental version, another side effect of the pandemic. This one threatens to make your rental, usually an afterthought, more expensive than your plane ticket. (Read More)
Platform Policy Changes
Turo will now consider removing retaliatory reviews.
One of the most frustrating things about hosting a vehicle on Turo is receiving bad reviews simply because you requested reimbursement from the guest. After much prodding from hosts, Turo has now amended their review policy and will consider removing reviews that they can verify were retaliatory for a reimbursement request. (Read More)
This Week’s Paid Subscriber Articles
Are you a new or aspiring Turo host and want to make sure you get off to a great start? Sign up for a one-hour Coaching Call here.
Have You Heard About The 2022 Carshare Conference at Sea?
Join us aboard the Carnival Mardi Gras for a 7-day cruise of the Western Caribbean while learning from the Turo legends and representatives from Turo. Check out the details here!
Last Week’s News Wrap-up
The Great Hawaii Rental Car Crisis: Is It Ever Going To End?
A dire rental car shortage is forcing some would-be Hawaii visitors to cancel their trips — or empty their wallets. The root of the problem is two-fold. When the pandemic hit and Hawaii imposed the nation’s strictest travel rules, car rental companies like Hertz and Budget started to sell off portions of their fleet and ship some of their inventory to the U.S. mainland, where they could still make money. (Read More)
HyreCar Renews Insurance Program with Lloyd's Apollo Insurance Syndicate until 2023
HyreCar Inc. (NASDAQ: HYRE), the carsharing marketplace for ridesharing and delivery, announced that it has renewed its Automobile Liability Insurance Program with Apollo 1969 of Lloyd’s until 2023 at our current rates, providing stable predictable insurance pricing for the next two years. “HyreCar has developed an enhanced risk tiering model at the most granular level available today. We use driving efficiency and safety data as a key component in our dynamic pricing model that helps ensure we rent to the right drivers and reduce the cost of insurance at the same time. (Read More)
Gig Economy Market May See a Big Move By 2026
The latest version of the 2020 market study on Gig Economy Market comprising 124 with market data Tables, Charts, Graphs, and Figures which are easy to understand with showcased in-depth analysis. The Coronavirus Pandemic (COVID-19) has affected every aspect of life worldwide. This has led to several changes in market conditions. The report covers the rapidly changing market scenario and the initial and future impact assessments. (Read More)
16 Questions for Getaround
Getaround, which operates in over 800 cities globally, reports it has seen nearly 80% growth in its geographic footprint over the past year and has launched in 26 new cities in the first quarter alone. Power Host fleet sizes have grown too, from an average of eight cars last year to 12 cars this year. (Read More)
Would you rent a car from a stranger? With rental prices sky high, car-sharing companies get a boost
A Memorial Day trip to hike and bike at Mississippi Palisades State Park seemed like an easy pandemic getaway — until Autumn Wolfer tried to book a rental car to drive there. Including insurance, some rental car companies wanted as much as $900, she said. So Wolfer, 43, of Chicago, checked out Turo, a car-sharing company that lets people rent from individuals rather than companies like Hertz and Avis. Renting a 2020 Chevrolet Equinox cost just $250, she said. (Read More)