ALBUQUERQUE, NM (KRQE) – Coronavirus has cut off street curb scooter and bicycle rentals in Albuquerque, but now the two programs may not return in the same way many people have known them in the city.
The company responsible for the bright orange scooters, “Spin”, has pulled all two-wheeler rentals off the street. Meanwhile, the contract for the âPaceâ bike sharing program ends in a few months and regional transportation planners are already expecting a change.
“Investors don’t know what the best fads are in the long run, but what remains true is micro-mobility, (that is) sharing bikes, scooters, pedal bikes. are essential for this first and last mile connection, âsaid Jacob Wolff. , a transport planner for the Mid-Region Council of Governments (MRCOG.)
Wolff says MRCOG transit planners are already trying to formulate the best possible option for a “micro-mobility” program for the Albuquerque metro area in the near future, as COVID-19 has put the programs on. Albuquerque scooter and bike share at an indefinite break.
In response to the pandemic, several bike and scooter-sharing companies across the United States have halted service or withdrew from mid-sized cities like Albuquerque. According to city officials, Spin “ceased operations” in Albuquerque in April in response to COVID-19.
However, Albuquerque was also nearing the end of its one-year pilot program with Spin. The company‘s license to operate in the city expires at the end of May. A spokeswoman for the City of Albuquerque Planning and Zoning Department said Tuesday that Spin had not renewed its license to operate in the city.
In response to KRQE News 13’s investigation into the status of scooters in Albuquerque on Tuesday, the city said it “is looking to improve the shared active transportation program over the coming year” and “is working on them. next steps to come “.
Regarding street bike rental, âPaceâ Bike Sharing is under contract with the Intermediate Region Council of Governments to operate in Albuquerque until September 2020. The company behind Pace, âZagster,â temporarily stopped the rental of bicycles.
The MRCOG said that by revamping its transportation rental program, the agency had considered more comprehensive rental programs that could include bicycles, e-bikes, and other types of scooters.
âInstead of having private investors and developers setting the tone for these personal transportation options, it’s really great that we as a region can make a decision that best serves everyone here,â Wolff said.
Zagster has yet to say whether its “Pace” bikes will be available for hire again in Albuquerque before the contract ends in September. Spin did not return KRQE News 13’s request for comment on Tuesday.
Last summer, Albuquerque had about 450 Spin scooters on the streets. Over the past few years, Pace has had up to 250 bikes for rent at 50 different stations.
When it comes to getting financing, there are all kinds of solutions these days you can turn to. From credit cards and personal loans from High Street lenders to loans secured by your home, you can find different solutions to meet a wide range of needs and circumstances. Another option available is a title loan, which is a form of secured financing.
Title loans are loans secured against your vehicle and to be eligible you must own a vehicle in your name. Lenders can offer a loan based on the value of the vehicle, and borrowers can then borrow up to a specified percentage of that value. Many people turn to securities lending as a means of accessing quick cash, and these loans come with a range of benefits. In this article, we’ll take a look at some of the main benefits of securities lending.
What are the main advantages of securities lending?
Title lending has become increasingly popular in recent years for a number of reasons. These loans offer a range of benefits, some of which are:
Bad credit won’t hold you back
One of the things that often holds people back when it comes to getting a loan is their credit history and mark. If you have a low credit score or a damaged history, you may find that you cannot access any traditional form of financing. However, with an auto title loan, the decision is not based on your credit history or your current credit score. This makes these loans ideal for those who do not have a good credit rating.
You get the money fast
With some forms of funding, you have to wait a long time for your application to be processed. You may also need to spend time sending documents and waiting for information. Also, when you are approved, you may have another wait in front of you before you get the money. With securities lending, you can get the money you need quickly once approved, and often you can get it the same day. This is perfect for those who need the cash quickly.
The application process is simple
Another advantage of these loans is that the application process is very simple which means that you can avoid stress and hassle. If you do it online, you can process the request with speed, ease, and convenience. This can save you a lot of time and means you can do it all from the comfort and privacy of your own home.
You can keep your car
When you take out a title loan, you don’t have to give up your vehicle until the loan is paid off, which is another plus. You can continue to drive and use your vehicle as long as the loan is still secured.
Here are some of the many benefits you can expect when taking out a title loan.
At a time when the Indian automotive industry is hit hard for multiple reasons, Suzuki shines with positive sales growth. Here’s how he managed to do it along with plans to deal with the current Covid-19 situation.
Suzuki Motorcycle India Pvt Ltd is the only two-wheeler manufacturer to record positive sales growth in the last fiscal year. This despite the fact that the Indian two-wheeler industry recorded a sales decline of 17.8% in fiscal year 2020 on an annual basis. Amidst all of this, Suzuki stood out with positive sales growth of 2.5% in the prior year, as it sold a total of 6,85,223 units in fiscal 2020, compared to 6 68,787 units sold during fiscal year 2019 (national sales). In order to understand what all of the factors have contributed to Suzuki’s positive momentum and how the company plans to adjust to the new normal in terms of the current Covid-19 crisis, Express Drives recently interacted with Devashish Handa , Vice President, Suzuki Motorcycle India Pvt Ltd. Here is what he has to say!
Suzuki is the only two-wheeler manufacturer to have recorded positive sales growth in the last fiscal year. What factors do you think have contributed to this dynamic?
Taking advantage of a positive growth momentum for the 2019-2020 fiscal year, we attribute this growth to our partner dealers, our personalized product offering and the love and trust shown by our valued customers. Additionally, Suzuki Motorcycle India has launched various go-to-market initiatives and marketing campaigns to enhance the relevance of the products to our potential customers. SMIPL maintained an upward growth path throughout the year and ended the year with 5.7% growth in the last fiscal year selling 790,397 units, including domestic sales and exports.
With the current containment linked to Covid-19, what has been the impact on the company?
The pandemic has had an impact on the overall economy and industries across all segments have been hit hard because of it, including the auto industry. The nationwide shutdown was put in place to combat the pandemic and ensure the safety of every individual, which has disrupted production, distribution and sales for over a month now.
Watch our Suzuki Gixxer 250 video review here:
After the lockdown is done, how is Suzuki Motorcycle India Pvt. Ltd. plan to resume operations and will there be a different business approach?
Ensuring the implementation of strict safety standards and social distancing guidelines led by the Government of India, Suzuki Motorcycle India Pvt. Ltd. (SMIPL), the two-wheeler subsidiary of Suzuki Motor Corporation, Japan, is preparing to start production at its manufacturing facility in Kherki Dhaula, Gurugram. However, given the current scenario, it will be difficult to mention a particular production start date. We must accept the new normal mode of operation, continue to practice social distancing and other preventive measures for the safety of all. Once we start, initially as a brand, our goal will be to instill enthusiasm and positivity in our staff and dealership partners to keep all departments running smoothly. On the dealership side, there will be many disinfection processes and precautionary measures while engaging customers and staff.
Also read: Suzuki Access 125 BS6 Road Test Review: The all-rounder for everyone!
Some manufacturers have partially started operations at their production facilities. Is Suzuki also looking forward to this soon? If so, when can we expect production to start?
We will keep you posted on the production start date. Right now, we are in the planning phase, where we are developing a strategy on how we, as an organization, can ensure the safety and security of our workforce and our dealers. partners. As soon as we start, at the beginning, we will operate with a limited workforce and gradually move up to full strength maintaining a healthy working environment for our employees.
How do you think the market will react once this containment is lifted?
The market will experience changes in lifestyle, behavior and operation both at the corporate and individual level for the safety and well-being of all. Practices such as wearing masks, social distancing, limited use of shared mobility options, etc. will come into force. The limited use of shared mobility / public transport facilities further fuel the demand for the two-wheeler industry as more people turn to personal mobility solutions. The preference for scooters and motorcycles will increase for commuting in terms of its cost of ownership compared to a four-wheeled vehicle.
Many manufacturers are going the online route completely during this lockdown, a similar strategy that Suzuki is also working on?
The new normal will be different from the previous one. We already have an option on our official website to find a dealer and book a test drive with one click. I think we can further strengthen it with the support of our partner dealers and our sales team. The idea is to offer a digitally enriched customer experience.
Will there be any changes in the retail model and how will the outlets handle the new normal in terms of the current situation?
Social distancing is the new normal and it will also show in our business operations once we get back to work and dealerships open. There will certainly be some changes in vehicle delivery and customer interaction / engagement with particular emphasis on disinfection and other precautionary measures. The industry is also analyzing the appointment-based approach to buying and selling automobiles in all segments to ensure the safety of our stakeholders, including our employees and dealers, while we let’s focus on growing the business.
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