Market News

Global Car Rental Market: Key Developments

In May 2023, Hertz (American Car Rental Company) and the City of Orlando (provides public services launched Hertz Electrifies Orlando, a partnership to accelerate electric vehicle adoption, expand EV rentals and charging infrastructure, and provide education and training opportunities
In February 2023, Sixt SE (offers vehicle rental services to corporate and individual consumers) inaugurated a new branch at Toronto Pearson International Airport (YYZ) by providing premium car rentals. Sixt is strategically expanding in North America following the establishment of a branch in Vancouver, Canada.
In March 2021, Europcar Mobility Group (provider of integrated mobility services) announced the continuation of its strategic alliances with ECO Rent a Car in India and Shouqi Car Rental in China, specifically for its Europcar brand.
In July 2022, The delisting of the company's shares and the implementation of a squeeze-out procedure for Europcar Mobility Group shares at a cost of €0.51 per share have been requested by Green Mobility Holding S.A., a bidder consortium made up of Volkswagen, Attestor, and Pon Holdings.

Car Rental Market Report Snapshots