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.
See how Salt Lake City’s new airport dead-ended a Utah car-sharing company
Airport officials want to regulate Avail as a car rental business, but the peer-to-peer vehicle service warns blurring that line will “backfire across the country.” Just days before the busy Memorial Day travel weekend, the revamped Salt Lake City International Airport hit the brakes on the car-sharing service Avail. (Read More)
Expert: Rental car shortage could last ‘six to 18 months’
As a rental car shortage plagues the nation with inventory outages and sky-high prices, one industry insider said the issue could last for another year and a half. The rental car shortage will “resolve itself over time” but “is going to be challenging for the rental car giants for the next six to 18 months,” Andre Haddad, CEO of peer-to-peer rideshare app Turo, recently told Yahoo Finance Live. (Read More)
Turo Takeover: Hawaii residents utilize car-sharing platform amid car rental shortage
The Hawaii Tourism Authority says Hawaii’s rental car fleet is down 40%. Many visitors and kama’aina are now turning to the largest car-sharing service, Turo.“I listed my RAV4 and within two months, I am completely booked out until January,” said Kahili Kaihewalu Tianio, a Turo host. (Read More)
What’s Turo and Why Is Everyone Suddenly Talking About It?
The answer to your car rental problems right now might be a four-letter word. If you recently got excited about one of those ultra-cheap pandemic airfare deals going around only to have the wind knocked out of your sails when you checked car rental “deals” at your destination, welcome to a new club. It’s called People Appalled by Car Rental Prices Right Now. And our ranks are growing. (Read More)
Car Rental Platform Market To Witness Stunning Growth During 2021-2027 | Carcloud, TURO, Expedia, Getaround
The latest research report on Car Rental Platform Market ascertains and evaluates all the critical factors, including key growth drivers and challenges impacting the industry behavior, to assist stakeholders in making the right decisions for the future. It also comprises a comparative study of the past and present business scenarios to support the forecasts given in the study. Moreover, the research literature discusses several market segments and uncovers the key areas that will assure notable returns in the upcoming years. (Read More)
6 vehicles capable of earning their keep
Most cars are expenses, not investments. You typically pay tens of thousands of dollars for a reliable vehicle that depreciates every day, even when it's parked. What if a vehicle could earn you money instead? KSL Cars has hundreds of vehicle listings (besides the obvious work trucks and limousines) capable of making money. Here's a list of cars on KSL Cars that you can use to generate some extra income—or at least break even. (Read More)
Looking For A Cheap Rental Car During The Shortage? Turo Can Be Hard To Trust
Bottom line: Turo is a nice idea, but there is not enough accountability to make it a reliable option for travelers on a schedule. Unlike a canceled Uber, where you might lose 5 minutes of your time, a cancelled car rental causes major damage to an itinerary - and the possibility of it happening right up until the time of delivery injects a major unknown into the equation. (Read More)
This Week’s Paid Subscriber Article
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
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)
Last 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!