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Jan 3, 2021 · Peer-to-peer car rental company Turo plans go public in 2021, according to a Jan. 1 interview in the Wall Street Journal with Turo CEO Andre Haddad.
Sep 23, 2024 · Is Turo ready for an IPO? Unlike some companies that have been rumored to go public (think Reddit, Starlink, or Redwood Materials) Turo has already filed for an IPO in 2021 with the US Securities Exchange and Commission. However, the economic climate in 2022 put this process on pause.
- $330m
- Mid-Late 2024
- ~$2.7b
- $502.6m
Dec 21, 2020 · A survey of Turo guests showed that while only 14% were comfortable with public transit, 41% were OK with flying, and 87% felt good about car sharing during COVID times. Cars were emerging as essential spaces to move, reflect, change scenery, all while complying with health and safety guidelines.
- Creating Your Turo Listing
- Making Your Listing Stand Out
- Turo Owner Interview: Kevin in Las Vegas
- Our First Turo Bookings
- Automating Turo Drop Offs
- Generating Customer Reviews on Turo
- Expanding Our “Fleet” on Turo
- How Much Can You Make on Turo?
- How Does Insurance Work with Turo?
- Benefits of Renting Your Car on Turo
My first step was to set up a detailed profile about the car, add quality photos, and ensure the calendar was set with availability that worked for us. Your listing should include: 1. High quality pictures of the car inside and out. Pretend like you’re trying to sell it! (Turo offers free professional photography of your car to create a great looki...
Turo also allows you to offer “extras” with your rental, just like regular car rental companies. In our listing, we give customers the option to not worry about returning the car full of gas, or to add on car seats for the kids. Nick’s Notes: One other profile “hack” I thought was super smart was Heather including her Turo referral link in the desc...
Nick here. I sat down with Kevin Miles, the owner of a 2017 Chevy Cruze in Las Vegasto get his take on the Turo platform. Kevin’s been earning $700-800 a month on Turo, and shared: 1. The worst thing that’s happened to his car so far 2. His pricing strategy on Turo 3. How he handles customer pick-ups and drop-offs 4. And more
Once the car was actively listed, it took about two weeks for us to secure our first booking. For the first few bookings, we would drop the car off and pick the car up from the owners directly. The hand off process was a little bit of effort and left room for wasted time — especially if the renter’s flight was delayed or their baggage was held up. ...
I did some research and put together a plan of attack to automate the drop off process at the start of each trip. I found a magnetic hide-a-key on Amazon and a great remote car tracking device called Automatic. With these two tools in tandem, I gave myself much more flexibility on the car delivery to renters and some security to monitor the car rem...
Securing reviews is critical to building up your profile and your car(s) profiles on Turo, but currently the company does not do a great job of encouraging reviews. I do a few things to help generate great reviews, like: 1. little special upgrades for guests 2. small freebies 3. ASKING for the review at the end of the rental I always find out how m...
Since we started on Turo, I’ve added two more cars to our account: 1. A 2017 Subaru Outback 2. A 2014 Tesla Model S We always keep one car available for our personal use, so managing the schedule across three cars can be a little tricky. I foresee us doubling our earnings by 2019 once all our cars get “seasoned” with 5 star reviews. The Tesla–our d...
On their homepage, Turo has a cool little calculator to estimate how much your car might earnon the platform: Right now, we’re earning enough to cover all the costs for the three cars each month and I invest only a handful of hours per week. To essentially bring our vehicle costs to zero is pretty cool. At the moment, I estimate my hourly return on...
If you’re worried about insurance for your car with Turo, you’re not alone! This was definitely a concern for us before we created our first listing. Turo has several insurance coverage options which allow you to sleep well knowing you are covered if a renter causes damage to the vehicle. How the insurance works is with each step up in coverage, Tu...
As I mentioned, as our listings gain more reviews in the next few months, I can see this easily going from a “breakeven” side hustle to profitable one. Still, it’s exciting to use a new platform like Turo to subsidize — and ultimately profit on — the costs of our vehicles. If your car is anything like ours, it probably sits idle a good chunk of the...
Jan 11, 2022 · Turo, the peer-to-peer car-sharing service, has filed for its initial public offering, the latest transportation-related startup to sell its shares on a public stock exchange. The company...
- Andrew J. Hawkins
Sep 9, 2024 · Learn how hosts and guests can potentially invest in the Turo IPO. Explore access to pre-IPO shares and owning Turo stock after the IPO.
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Sep 28, 2020 · List on the go. List a car in a few taps — download the Turo app to start building your business from your phone. 2020 may be tough, but Toronto hosts have been tougher. Despite a lock on international travel, Toronto hosts pulled in more, on average, this summer compared to last.
