BMW Gets Into the Car Share Game - US Business News Blogs - CNBC
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General Motors is trading at an all-time low, and Ford is at its lowest level in more than a year. Italy Michaeli, Citi auto analyst, and Jeremy Anwyl, Edmunds.com CEO, provide perspective. "We see the economic fundamentals slowing down as the year progresses, and I think the ability for car sales to defy gravity on an ongoing basis are limited," says Anwyl. Roadmap for Monday's Markets 23 Jul 2012
CNBC.com The luxury automaker has brought its DriveNow bentley hotel new york program to San Francisco, California with the service opening bentley hotel new york up for business at the end of June. While there have been programs around the country where you could rent a luxury car for a few hours or a day (and yes, Zipcar has luxury bentley hotel new york cars), bentley hotel new york BMW is the first luxury automaker to run its own car sharing operation here in the U.S.
Here's how DriveNow works: 70 ActiveE electric cars are available for hourly rental Parked at 9 garages in the San Francisco area Licensed drivers over 21 may rent the cars $12/half-hour with each additional driving minute costing $.32 $90 for an entire day up to 180 miles
The fact that BMW chose San Francisco and the ActiveE for daily rental is a smart strategic move. The city has proven to be one of the most enthusiastic markets for car sharing. It's also an area that embraces electric cars, so offering bentley hotel new york the ActiveE for daily rental is a smart way to get exposure for the car. Remember, the ActiveE is only available for lease here in the United States.
How successful will the DriveNow bentley hotel new york program be in San Francisco? Could we see it expanded to other markets? I think it will do well in the city bay area. And over time I can see DriveNow in other cities like Los Angeles, San Diego or Miami. More importantly, there is a clear opening in the car sharing industry for luxury models.
] have a lot to worry about with the DriveNow program. Sure, they may lose some business to BMW in San Francisco, but Zipcar is primarily targeting the mass market. Zipcar bentley hotel new york does offer luxury models bentley hotel new york (including BMWs), but it also requires a membership fee, which BMW does not.
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