Car & Truck Rental News

Browse the latest breaking news across the automotive rental industry covering fleet acquisition, remarketing, rental software, GPS & telematics, fleet insurance and financing, rental operations, risk management, technological innovations and shifting market conditions.

Phoenix Car Rental Agencies Owe $100,000 in Unpaid Parking Tickets

September 1, 2010

According to city records, major car rental companies account for some of the largest individual debts.

Hertz Releases Report on Anti-Trust Risks in Dollar Thrifty Acquisition

September 1, 2010

Both the pricing data and the GUPPI results in the report support Hertz's view that a merger of Avis Budget and Dollar Thrifty poses a far higher anti-trust risk than a merger of Hertz and Dollar Thrifty.

Dollar Thrifty Increases 2010 Revenue Guidance

September 1, 2010

The car rental company expects corporate adjusted EBITDA, excluding merger-related expenses, to be within $240 million to $260 million for the full year of 2010, an increase of $40 million from the company's previously announced guidance range.

AAA Predicts Labor Day Weekend Travelers to Increase 9.9 Percent

September 1, 2010

Ninety-one percent of travelers will use automobiles to reach their holiday destinations. They will also travel shorter distances and spend more money.

Stolen Gun Found in Rental Car Leads to Arrest and Weapons Cache

September 1, 2010

Car rental employees found the gun in the vehicle and called police. Officers traced the stolen weapon to a friend of the woman who rented the car.

Nissan Begins 2011 LEAF Specification Phase

September 1, 2010 in Fleet Acquisition

The automaker said customers in California, Arizona, Tennessee, Washington and Oregon who made online reservations will now be able to choose the color and trim level of their Nissan LEAF.

China’s eHi Car Rental Signs $70 Million Investment Agreement With Goldman Sachs

September 1, 2010

Goldman Sachs and eHi Car Rental’s shareholders signed an investment agreement that will help eHi expand and promote ‘green’ car rental services in China.

Off-Rental Vehicle Prices Strong Despite Bleak Economic Backdrop

August 25, 2010 in Remarketing

The report from Manheim Consulting reveals the average price for off-rental vehicles increased in July and year-over-year.

Hertz Forms Remarketing Partnership With Dealer Services Corp.

August 25, 2010 in Remarketing

DSC customers will be able to purchase wholesale vehicles directly from Hertz’s national fleet of well-equipped used cars, trucks, and SUVs, by contacting their local sales representative.

Tier 2 Brands Gain on Big Six in Fleet Sales

August 25, 2010 in Fleet Acquisition

In January, the Big Six — General Motors, Ford, Chrysler, Toyota, Honda and Nissan — held 73 percent of all commercial/ fleet sales. In July, that shrank to 64.7 percent and is expected to decline again in August.

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