GM is letting more people rent their cars for money

Maven’s peer-to-peer car sharing service will expand to 10 cities in the next few months

General Motors is expanding its peer-to-peer car-sharing service to 10 cities by the end of this year, the company announced today. The service, which is part of GM’s mobility arm Maven, launched this summer and is already live in Ann Arbor and Detroit, Michigan, along with Chicago and Denver. By the end of 2018, GM says, it will be available in Baltimore, Boston, Washington, DC, Jersey City, Los Angeles, and San Francisco as well.Maven’s peer-to-peer service allows owners to rent their cars by the hour or daily, and they get a 60 percent cut of the cost of each rental. The company says this can add up to hundreds — in some cases thousands — of dollars per month, depending on what car they have and how often they make it available.

For example, Maven says renting a 2018 Chevy Cruze for seven days per month can net an owner $533, while a 2017 GMC Sierra pickup truck can pull in $1,035. Those figures are based on Maven’s suggested rates, though. Owners can set their own rates for hourly or daily rentals, which affects potential earnings.

The service requires owners to have a GM car that’s model year 2015 or newer to be eligible, and their vehicle has to go through an onboarding process that takes four to six hours where keyless entry technology will be installed. Their cars can’t have any open recalls on them, and manual transmissions aren’t allowed.

Other “Airbnb for cars” type services are on the market, like Turo and Getaround. They tend to be more flexible, allowing people to rent more makes and models. But GM’s service has advantages, too, like covering up to $1 million in liability insurance. Maven also allows people to rent from a fleet of cars, much like ZipCar or Car2Go, and has another separate service that lends cars to drivers for services like Uber or Instacart. GM says Maven has booked over 186,000 reservations so far, for a total of around 338 million miles driven.

Comments

Vivo X20 Dreamy Pink Version Priced at 2,998 Yuan (~$465) Will be Available on Pre-Sale from Tomorrow

Vivo was launched in October 2017 in three color choices like Gold, Rose Gold and Matte Black. Soon after making the smartphone available for buying in China, the X20 was available in various color choices such as Black/Gold , Blue and Red . On its official Weibo account, Vivo has confirmed that it will start the pre-sale of the Dreamy Pink color from Jan. 16 in China The images of the new Pink edition of the Vivo X20 shows that this color variant is different from the Rose Gold model that also a slightly pinkish appeal. Targeted towards the women, the Pink Vivo X20 carries a pricing of 2,998 Yuan (~$465). Apart from different color variants for the Vivo X20, the company launched it in various special edition models such as Swarovski Gift Box version, King of Glory Edition and FIFA World Cup Edition As far as the specifications of the Pink colored Vivo X20 is concerned, it will be coming with the same hardware that is available on ...

Counterpoint Research released its three-month report on smartphone shipments in India. According it Xiaomi is in the lead with 27% share, followed by Samsung and vivo with 23% and 10%, respectively. Oppo is taken down to fifth, while Micromax makes a surprising appearance at fourth with 9% shipments between July and September. Company Market share Q3 2018 Market share Q2 2018 Xiaomi 27% 28% Samsung 23% 29% viv o 10% 12% Micromax 9% N/A Oppo 8% 10% The report also revealed that total shipments increased by 24%, compared to the previous quarter, and 5% on a yearly basis. The increase is such a huge jump that India managed to surpass the United States in shipments, Karn Chauhan, research analyst at Counterpoint, revealed. The number of users in India exceeded 400 million, making the Asian country the second biggest smartphone market in the world, following China. The report stated that nearly a third of all devices shipped had a retail price between $150 and $250, while the...

US government to issue licenses to companies wanting to trade with Huawei

In the development of the Huawei-US trade tensions, the US Department of Commerce will begin issuing special licenses to companies that wish to keep their business ties with the Chinese tech giant. The news was confirmed by the head of the Commerce of Department Wilbur Ross at the Annual Security Conference on Export Controls and Security. Late last month at the G20 summit, US president Donald Trump confirmed American companies will continue to sell components to Huawei granted that they doesn’t pose a threat to national security. Later on it became clear that US companies would be allowed to sell widely available components which are sold in other markets while more sensitive equipment would remain off limits. Commerce Secretary Ross stated that the new licenses will still have to oblige the previously issued component availability confinements. Furthermore, he restated that the Commerce Department will only issue licenses after evaluating the ...

Look in

Search This Blog