Last post on Jan 13, 2013 at 11:56 PM
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#19 of 20 Avis buys Zipcar
by steve_ HOST
Jan 02, 2013 (12:59 pm)
Good read on why a good idea didn't work; not big enough to buy cars cheap enough for the fleet it sounds like. Not enough customers either.
"Zipcar was a prodigious money-loser. Funding growth around the world, it never once turned a profit, losing about $55 million since 2007. And the entry of behemoth Hertz made its task all the more costly."
Zipcar: Entrepreneurial Genius, Public-Company Failure (WSJ.com)
#20 of 20 Re: Avis buys Zipcar [steve_]
Jan 13, 2013 (11:56 pm)
I considered the service, especially when the company parked two vehicles at my work site. Over the breakdowns I had over the the past two years, I've found that the sites where the company put their cars were simply too inconvenient to reach, and few in number. I typically use the major car rental business in my neighborhood, and the car dealerships I go to have a rental office nearby.
It did not help when the two cars at my work site was reduced to one due to a catastrophic event, undoubtedly. It has been that way for many months, and I'm not going to fight for the use of one vehicle.