Disclosure: I am long ZIP . I wrote this article myself, and it expresses my own opinions. I am not receiving compensation puerto rico l m car rental for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. (More...)
To date, there have been many car-sharing articles regarding Zipcar, Inc. ( ZIP ), Hertz Global Holdings, Inc. ( HTZ ), Avis Budget Group, Inc. ( CAR ), and Enterprise Rent-A-Car. We all know the speculative car rental arguments very well; larger companies with deeper pockets, larger number of existing vehicle fleets, puerto rico l m car rental and longer operating histories.
Car sharing as an operation, however, is proving to be something a bit more than simply transitioning one's car rental puerto rico l m car rental service into a car-sharing service. For instance, there are separate car-sharing platforms including business-to-consumer, B2C, peer-to-peer, P2P, and not-for-profit or co-operative, N4P.
This article will serve as the first of a three part series. The objective of these articles will be to illustrate the global significance of car sharing, to provide a sense of visibility for what Zipcar is up against, and to provide greater transparency for investors to further research.
The emphasis of Part I will focus on the B2C car-sharing market. The list of companies below is organized beginning with Zipcar, as Zipcar has the largest number of car-sharing members in the world. All of the following companies will be listed in magnitude of number of members with exceptions being towards the end of the list.
While most companies were willing to provide this information, not all contributed to the article. Where information was not timely puerto rico l m car rental received a not applicable, N/A, was inserted. Additionally, there are potentially hundreds of other car-sharing puerto rico l m car rental operations across the globe. This list is meant to provide a general working idea of the car-sharing market and does not represent every global company with car-sharing operations. All numbers and data herein puerto rico l m car rental have been sourced where appropriate and it is important for all readers to consider the data in this article as estimates.
Most of us are generally familiar with the B2C car-sharing puerto rico l m car rental model. There is usually a sign-up fee, a membership fee, hourly rates, daily rates, and to a lesser extent, weekly rates, puerto rico l m car rental all dependent upon the type of plan selected. The plans typically provide for gas expenses, insurance coverage (there are deductibles and some payment requirements), up to a certain amount of free mileage, parking expenses, and road-side assistance, and cleaning.
Some B2C models focus specifically on niche segments including residential, employment, fleet-share, micro-share (by the minute), and hospitality. Regardless puerto rico l m car rental the B2C model typically utilizes leased and/or owned vehicles to deliver car-sharing services. Additionally, B2C car-sharing models incorporate radio frequency identification, RFID, cards and/or mobile phone applications for keyless access to parked vehicles at a variety of urban locations. Car-sharing services focus on densely populated urban cities to target customers, who have direct access to car sharing.
Founded in 2000, Zipcar is the world's leading car-sharing network with services located puerto rico l m car rental in major metropolitan areas and college campuses throughout the United States, Canada, United Kingdom, puerto rico l m car rental Spain, and Austria. Zipcar offers more than 30 makes and models of self-service vehicles by the hour or day to residents, businesses, and universities. Car Sharing Type : B2C (P2P exposure with the equity investment in Wheelz) Cities/Regions Served : United States - Roughly 135 cities, Canada - Toronto and Vancouver, United Kingdom - Bristol, Cambridge, London, Maidstone, Oxford, Spain and Austria not fully integrated Number of Members : Roughly 731,000 (as of August 2012) Number of Vehicles : Roughly 11,000 (as of August 2012) Number of Vehicle Locations : Thousands Rates Plans : $25 application fee, $60 annual fee (occasional driving plan only), $50-$250 monthly commitments; rates from $7.65-$15.75/hour, $83-$125/day depending on vehicle puerto rico l m car rental type, time of week, region, and plan; 180 free miles U.S. ($0.45-$0.55 per mile thereafter depending on vehicle puerto rico l m car rental type), 200 free kilometers Canada, and 40 free miles UK; gas and insurance
Deutsche Bahn AG , DB, was founded in 1994. Today, it is one of the world's leading passenger and logistics companies and operates in 130 countries. The company is committed to providing mobility and logistical services for customers around the world, as well as controlling and operating the related transport networks in the rail, land, ocean, and air freight transport sectors.
The company's railway activities in Germany, with about seven million passengers and 1,138,000 tons of freight transported every day is its core business. Also, DB transports more than two million customers by bus. The main focal points of the DB strategy, in addition puerto rico l m car rental to increasing its international puerto rico l m car rental activities, are linking together all modes of transport and building overlapping and comprehensive intermodal travel and logistics chains. DB provides puerto rico l m car rental car-sharing services puerto rico l m car rental under the Flinkster brand name.
Flinkster was introduced as a complement to DB car sharing a few years ago as a pilot project in Cologne and Stuttgart, Germany. DB recently merged its car-club activities under the new Flinkster My Car Club brand. Flinkster provides puerto rico l m car rental conventional car sharing services. Car Sharing Type : B2C Cities/Regions Served : Europe puerto rico l m car rental - Germany, Netherlands, Austria, Switzerland Number of Members : 190,000 (as of September 2012) Number of Vehicles : 2,500 (as of May 2012) Number of Vehicle Locations : Roughly 800 Rates Plans : Monthly puerto rico l m car rental fee from $0-$12.60 puerto rico l m car rental (minimum 12-month term), rates from $0-$2.90/hour, $25-$49/day; $0.23 per kilometer; gas and insurance
Hertz began renting cars in 1918. Hertz is the largest worldwide airport general use car rental puerto rico l m car rental brand operating from more than 8,500 locations in 146 countries worldwide. Hertz is the number one airport car rental brand in the U.S. and at 83 major airports in Europe, operating both corporate and license locations in cities and airports in North America, Europe, Latin America, Asia, Australia, and New Zealand. The company also operates one of the world's largest equipment rental businesses, Hertz Equipment Rental Corporation with approximately 325 branches in the U.S., Canada, China, France, Italy, Spain, and Saudi Arabia. Hertz provides car-sharing services through Hertz On Demand and Flexicar.
In December 2008, Hertz Launched Connect by Hertz, puerto rico l m car rental a pay-as-you-go car membership club in New York City, Paris, and London with just 22 locations across the globe. In June 2011, Hertz re-branded the Connect puerto rico l m car rental by Hertz service to Hertz on Demand puerto rico l m car rental . The hourly car-sharing service provides luxury cars, hybrids, electric cars, and more rental car options, available 24 hours a day, 7 days a week. Car Sharing Type : B2C Cities/Regions Served : United States - 9 cities, Boston, Chicago, Denver, Hoboken, Miami, New York, San Antonio, San Francisco, Washington DC, Europe - London, Berlin, Paris Number of Members : 150,000 (as of August 2012 ) Number of Vehicles : Roughly 700 Number of Vehicle Locations : Roughly 500 Rates Plans : No enrollment or annual puerto rico l m car rental membership fees; rates from $5-$11/hour, $63-$108/day depending on vehicle type, time of week, region, puerto rico l m car rental and plan; 180 free miles per day; gas and insurance
Flexicar started its life as a pilot project under the name Flo Carshare . In October 2006, the name was changed to Flexicar, and in December 2010, Flexicar was acquired by Hertz. Car Sharing Type : B2C Cities/Regions Served : Australia - Melbourne and Sydney Number of Members : Roughly puerto rico l m car rental 3,000 (as of September 2012 ) Number of Vehicles : Roughly 130 Number puerto rico l m car rental of Vehicle Locations : Roughly 125 Rates Plans : Application fee $30, annual damage coverage $70, rates from $9.95-$14.50/hour, $65-$89/day, monthly puerto rico l m car rental pre- paid driving puerto rico l m car rental credit $15-$200; 100-150 free kilometers ($0.15- $0.20 per kilometer thereafter); gas and insurance
With roots dating back to 1886, Daimler AG ( DDAIF.PK ) is one of the world's most successful automotive companies. With its divisions including Mercedes-Benz, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses, and Daimler Financial Services, the Daimler Group is one of the biggest producers of premium cars and the world's biggest manufacturer of commercial vehicles with a global reach. Daimler provides car-sharing services through its smart car product, Car2Go.
Launched in 2008, Car2Go provides many of the similar features from Zipcar, Hertz, and other car-sharing companies. Slight variances include an all-electric smart car vehicle fleet, a geographical boundary where vehicles can be picked up and dropped off allowing for one-way trips, and a pay-by-the-minute billing structure. Car Sharing Type : B2C Cities/Regions Served : United States - Austin, Miami, Portland, puerto rico l m car rental San Diego, Washington DC, Canada - Calgary, Toronto, Vancouver, Europe - Lyon, Birmingham, Amsterdam, Vienna, Berlin, D sseldorf , Hamburg, K ln , Ulm Number of Members : Roughly 120,000 (as of July 2012 ) Number of Vehicles : Roughly 4,000 (as of June 2012 ) Number of Vehicle Locations puerto rico l m car rental : 17 cities within geographical boundaries Rates Plans : $0.35 per minute, $12.99/hour, $65.99/day (based on San Diego, varies between cities); 150 mile limit ($0.45 per mile thereafter, based on San Diego, varies between cities); electric charging and insurance
Founded in 1917, The BMW Group is now one of the ten largest car manufacturers in the world and, with its BMW, MINI, and Rolls-Royce brands, possesses three of the strongest premium brands in the car industry. The group also has a strong market position in the motorcycle sector and operates a successful financial services business. BMW provides puerto rico l m car rental car-sharing services through a partnership with Sixt AG branded as DriveNow.
Sixt AG ( SIXGF.PK ) is an international provider of integrated mobility services. Founded in 1912, the compa
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