THE CAR AND TRUCK FLEET AND LEASING MANAGEMENT MAGAZINE
Adding to its car dealer rental program for ride sharing, the new platform allows dealers to offer vehicle subscriptions through a consumer mobile app.
The study, commissioned by Uber and Lyft themselves, exposes the ride-hailing congestion problem - and it's worse than we thought. However, Uber says the scale "is dwarfed by that of private cars and commercial vehicles."
With the advent of ride-hailing, there is a new critical need afoot for the old days of direct fleet service to end-user customers at the dealership level.
Consumer Reports said that the ride-hailing companies have not done enough to ensure vehicles in open recalls are being properly fixed.
Drivers who do not pass the yearly background check and continuous screenings will be prohibited from driving on the platform.
Lyft's stock began trading on the Nasdaq on March 29 under the ticker "LYFT."
The strike resulted from an Uber policy that slashed pay-per-mile by 25%, bringing the rate from 80 cents per mile to 60 cents per mile.
Lyft plans to go public before rival Uber.
For the 2020-2021 budget, $2.58 million of the total $5.6 million has been derived from ride-hailing groups.
Although Lyft trails Uber in terms of value and market reach, experts said beating Uber to IPO will give Lyft an advantage, as the added attention will cement Lyft as a viable alternative to Uber.