Kealakoa, Hawaii (AP) A car rental site has opened in the Pacific Northwest’s largest city of Kealahoa.
Car rental site Carrentals Hawaii says the site will have an indoor area for people to take their cars to and an outdoor area for renters to use.
Carrentals Hawaiian says it will offer car rentals in the Kealakoa area from July 1 to September 30.
Car rentals will start at $75 a day, and a maximum of eight vehicles can be rented per week.
The company says it plans to expand to other parts of the U.S. in the future.
Car Rentals Hawaii’s website says it has been a top pick for car rental since opening in May.
It has a weekly rental fee of $25 for up to 12 cars and a monthly rate of $75.
Car rents are available in several locations, including at the Kona Air Force Base, a hotel in the Hawaiian capital, Kailua, and the Kamehameha Schools campus.
Car rental firm carrentals have seen their stock price fall over the past few months, with many of their flagship brands being downgraded.
Car rentals have been the subject of speculation since Apple announced its planned $1bn acquisition of CarRental, and it has now been revealed that CarRrentals stock is currently down about 40 per cent.
The stock is down by about $60 per share after the company announced its stock was down by around 30 per cent on Thursday, and shares have now fallen by $25 per share since.
CarRrents stock has now fallen to $15 per share, and is down from the previous close of $18 per share on Wednesday.
The company said it had been in the midst of a restructuring process, and had reduced its workforce by around 40 per to 60 per cent, according to a statement.
Car rental companies have been among the biggest beneficiaries of the Apple-Apple acquisition, with the firm said to have nearly $500bn in assets under management.