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.

Hertz Obtains Canadian Antitrust Regulatory Approval

August 4, 2010

"Getting Canadian antitrust regulatory approval is another step in the process for us to successfully complete the merger with Dollar Thrifty which we look forward to completing in the near future,” said Hertz Chairman and CEO, Mark P. Frissora.

Enterprise to Cut Jobs, Move to Car Rental Facility at Tampa Airport

August 4, 2010

The layoffs will affect service agents and bus drivers, and will coincide with the company’s move to a consolidated car rental facility at Tampa International Airport, according to an Enterprise Holdings spokeswoman.

Rental Agencies at Florida Airport May Be Required to List Individual Transactions

August 4, 2010

The requirement is in addition to the monthly gross revenue reports historically used to validate monthly airport concession fees.

Hertz and Air France Renew Long-Standing, Preferred Partnership

August 4, 2010

The partnership between the two companies has been extended for another three years until 2013. Air France, Hertz's first European airline partner, has collaborated with the car rental company for the past 21 years.

TSD Releases Upgraded Rental.Net Software

August 4, 2010 in Rental Software

Customer-requested enhancements are a highlight of leading vehicle rental management software’s latest version.

Dollar Thrifty Reports $42.3 Million Net Income in Q2

August 3, 2010

Total revenue flat due to planned reduction in leasing to franchises. Same-store revenue up 2.9 percent. Revenue gains for vehicle rentals partially offset by drop in rental days, though volume improving. Utilization up. Strong used-car market keeps vehicle depreciation costs in check.

Avis Budget Bids $1.3 Billion to Buy Dollar Thrifty

July 29, 2010

Bid of $46.50 a share tops Hertz offer, though lower than Dollar Thrifty’s current stock value. Avis bid includes “removing the matching rights, eliminating the break-up fees, and increasing the commitment to secure antitrust approvals,” according to an Avis Budget Group letter to Dollar Thrifty.

Enterprise Rent-A-Car to Begin Offering Electric Vehicles in U.S.

July 28, 2010

Enterprise will make 500 Nissan LEAFs available in select markets beginning in January 2011. Electric vehicles from other manufacturers will also be offered to customers as they become available.

Avis Secures Financing for Possible Dollar Thrifty Offer

July 28, 2010

Although Dollar Thrifty has already signed a merger agreement with Hertz Global Holdings, Avis has expressed interest in making a ‘substantially higher bid’ for the company.