Europcar

Car rental company Starcar will close its remaining locations in City‑Süd (Hamm), Langenhorn and Altona by February 28 to process vehicle returns. The company filed for insolvency in October and ceased regular operations at the end of December. On January 23 the winding-up, including subsidiaries, was announced; there was no takeover interest from the industry or investors. About 170 employees were still employed most recently. » Mere på finanzen.net

Starcar filed for insolvency in October and halted operations at the turn of the year; a planned sale and a restructuring under self-administration failed. Large providers such as Europcar, Hertz and Avis are also burning through large amounts of cash; problems include IT, wrong sales channels, falling residual values and the integration of electric cars. Some providers like Sixt are finding routes to success, but overall the sector’s situation remains strained. » Mere på manager-magazin.de

The insolvent car rental company Starcar and all its subsidiaries are being wound down after no buyer was found. Of the former 615 full-time employees, around 170 are still working to process about 10,000 vehicles. Disposal is taking place via the automotive trade at currently 23 intake locations; returns to lessors and partners are being pursued. Insolvency administrator Christoph Morgen also warns of fraudulent emails attempting to extract payments or data. » Mere på wiwo.de

The insolvent car rental company Starcar, according to the insolvency administrator, has not found a buyer for the entire business and is preparing significant operational restrictions from January 2026 to enable an orderly wind-down in the first quarter. Despite revenue rising to over €510 million and a slightly improved EBITDA, the company ran into trouble after miscalculating the residual values of its vehicles and being unable to sell many cars as planned. The ongoing financing of the inventory drove up costs and bank confidence waned; an extension of the consortium loan was not secured. Starcar operates numerous locations in Germany and employs around 615 full-time staff. » Mere på t-online.de

The insolvency administrator confirms that no investor was found to take over car rental company Starcar in full and that operations are to be significantly curtailed from January 2026 to allow an orderly wind‑down in the first quarter. Despite revenue rising to over €510 million and improved EBITDA, Starcar ran into payment difficulties because vehicles could not be sold on the used‑car market as planned and had to remain financed. The decisive trigger for the insolvency was the banks’ loss of confidence after a consortium loan was not extended; around 615 full‑time jobs nationwide are affected. » Mere på t-online.de