Turo and Getaround Get Heat From the Rental Car Industry

Turo and Getaround Get Heat From the Rental Car Industry

Perhaps not surprisingly, then, peer-to-peer car-sharing companies like Turo are facing major resistance from the $30-billion-a-year car rental industry. So the peer-to-peer car-sharing model has expanded mightily in recent years, with companies like Turo and Getaround offering an Airbnb-like platform that allows regular individuals to rent out personal vehicles to other users at whatever price they set. Peacock also points out that Turo’s hosts don’t enjoy the advantages that traditional rental companies get, such as fleet discounts when purchasing their vehicles.

Source: www.citylab.com

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