Saimah : ZEVO
Turo Not Viable Anymore
- Market saturation
- Turo
- Everyone getting squeezed
- Charges 60-120% of your day rate (say $80) in trip fees to the Guest
- Host take home 75%
- Cost of insurance increase
- Many commercial providers have left. Liberty Mutual, Lula, Metromile
- Cost of doing business increased, margins decreased
- Summer
- 2x - 3x day rates over the summer, 2024 only $5-$10
- Up Next 6-12
- Wholesale Car Buying
- 12-18 months, leaned in, spoke to dealers
- Getting cars before they go to auction and selling whole sale with sleezeballs didn’t sound appealing
- Financing Options
- Bandwidth
- Educate Hosts how to Develop a Business w/ unit economics
- YT: Round out Turo on Journey
- Up to 20 hrs / week
- Next Steps
- Put a proposal together that leverages
- Connect with Michael
- Knows 3 Hosts
- Help Hosts Stop the Bleeding with high car payments