10 Mar, 2012

Peer-to-Peer Car Sharing in the News for Week Ending March 10, 2012

10 Mar, 2012

vehicle tracking and asset protectionGPSTrackit.com/ is devoted to bringing you industry related news and information.

On a weekly basis, we will post highlights from news found across the net that relates to GPS tracking, hardware, software, vehicle tracking and location, or asset monitoring and protection.

This weeks news focus is Vehicle Security.

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RelayRides Launches Peer-to-Peer Car Sharing Nationwide

Innovation and technology converge with the birth of RelayRides, a peer-to-peer car sharing program.

The idea behind the company is to allow members to make an average of $250 per month in revenue from renting their vehicle to other RelayRides members.

Though the company covers each of the RelayRides owners with a $1 million insurance policy, their market leading safeguards, such as OnStar, are not available on all vehicles.

Their new ‘key exchange’ program should prove to help owners feel more at ease about renting their vehicles to a stranger. Added technology, such as a reliable GPS tracking solution, will prove to be a valuable asset to the company’s need for additional vehicle security.

Read Full Story Here…

New Car Sharing Service, Wheelz, Rolls into Berkeley

With the economy still coming to terms with the fact it is in a recession, people are becoming creative with the ways they are dealing with transportation issues.

The birth of peer-to-peer car sharing has become a hot new business over the last few months.

Recently one such company, Wheelz, landed on the Berkeley college campus and began providing students with transportation options.

Expanding their services to Stanford, USC, and UCLA campuses already, the company would greatly benefit by implementing a GPS tracking solution utilizing a mobile app to increase vehicle security for its users.

Read Full Story Here…

SF Luxury Car-Sharing Service Shuttered After Falling Victim to Theft Ring

HiGear, a peer to peer car rental service based in San Francisco closed its doors just six months after opening up shop in Los Angeles.

The company, which specializes in renting luxury vehicles just under $100,000, fell victim to a car-theft ring that made off with four vehicles priced between $300,000 and $400,000.

Even though the thieves presented what appeared to be legit credentials, having a safeguard in place such as a company-based GPS tracking system would have done more to safeguard the company against possible theft.

Read Full Story Here…