News and Announcements
DriveMyCar Rentals Arranges Significant Supply of Vehicles. US Market Action
- Published January 21, 2013 2:27PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
By: Howard Moodycliffe
DriveMyCar Rentals (DMCR) has made significant progress with securing additional vehicles to meet some of the strong demand that has been experienced by the business. Two sets of investors have agreed to provide a total of $2.5m in vehicles over several months to service long-term rental demand. A pool of individual vehicle investors is also building and starting to provide more vehicles to the DMCR marketplace. These vehicles will help accelerate the growth of the business. The Dec 2012 quarter also saw the largest number of new vehicles listed on the DMCR website.
The announcement of the purchase by Avis of ZipCar for US$491m confirms the interest of traditional car rental companies in related vehicle supply segments. DMCR sees the evolution of traditional car rental businesses towards car sharing and peer to peer car rental/leasing marketplaces.
DMCR is the leading and most experienced car rental marketplace in Australia and is also one of the largest in the world.
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