Tagged financial report
January 25, 2012 in Rental Operations
For the fiscal year ended Sept. 30, 2011, Franchise Services of North America Inc. announced that its net loss was cut by more than half compared to fiscal year ended Sept. 30 2010.
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January 23, 2012 in Rental Operations, Maintenance
In 2011, compared to prior-year results, the program saw significant cost reductions and revenue enhancements through enhancing operational efficiency, driving incremental revenue, reducing fleet depreciation and fleet maintenance costs, and improving the Avis and Budget customer experience.
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November 29, 2011 in Rental Operations
The European car rental company’s results come during a period of worsening economic conditions in Europe.
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By Chris Brown , November 2011
The three public car rental companies posted healthy third quarter results last week. While the quarter was characterized by price competition, healthy volumes and fleet rightsizing, the key driver was the used-car market. But what does the future look like?
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November 3, 2011
The increase in margin was primarily due to a 19 percent decline in per-unit fleet costs, including gains on vehicle dispositions, lower vehicle interest costs and incremental savings from the productivity initiatives.
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November 1, 2011 in Rental Operations
The CEO says the results were driven by a growth in insurance replacements, Advantage Rent-a-Car and worldwide equipment rentals.
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November 1, 2011 in Rental Operations
The company reported net income for the 2011 third quarter of $66.6 million on a 4.1 percent increase in rental days and fleet cost per vehicle of $186 per month, compared to $262 a month in 2010.
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October 26, 2011
Owner of Enterprise Rent-A-Car, National Car Rental and Alamo Rent A Car brands posted a record $14.1 billion in worldwide revenues, and grew its rental fleet to more than 1 million for the first time.
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August 31, 2011 in Rental Operations
Franchise Services North America, parent company of U-Save Car and Truck Rental, reported revenue and net loss of $3.9 million and $22,775 for its third quarter period that ended June 30, 2011, as compared to revenue of $4 million and a net loss of $191,839 for the same period in 2010.
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August 23, 2011 in Leasing, Remarketing, Mobility
Sixt Group’s pre-tax earnings double, rental revenue rises 11.9 percent in first half.
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Auto Focus Blog: A blog covering fleets, auto rental and the business of cars
After five years and 15,000 miles of driving per year, are there any hybrids that actually have a lower cost of ownership than their gas-engine counterparts? One unexpected vehicle takes the prize.
The federal government means business with its new law banning cell phone use while driving commercial vehicles. Can the laws go even further, and how should fleets react?
Arizona is one of a super minority of states in which auto rental companies are required by statute to pay for the negligent acts of their renters. Look for new legislation in the coming weeks that proposes to change that.
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