Auto Rental News

News

Lower Fleet Costs Ahead?

Favorable deals with the OEMs, a mix of vehicles with higher residual values and higher-return remarketing channels all bode well for continued lower fleet costs, says equity research firm MKM Partners.

Dollar Thrifty's Earnings Surge in Q3

Dollar Thrifty Automotive Group Inc.'s net income grew to $49.16 million in the third quarter compared with $30.09 million in the prior-year period, constituting the best quarterly financial performance in company history, company executives said.

Hertz Reports Strong Q3 Results

Hertz Global Holdings Inc. reported third quarter 2010 worldwide revenues of $2.2 billion, an increase of 7.1 percent year-over-year. Transaction days for the car-rental segment grew 8.2 percent, while the rental rate per transaction day rose 1.1 percent.

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