Avis Revenue Dips in First Quarter

NEW YORK -- Cendant Corp. reported that Avis' first-quarter revenue totalled $558.99 million, compared to $571.3 million in the first quarter of 2002. Budget's car rental revenue for the quarter was $280.3 million, while its truck rental revenue reached $108.1 million.

The average length of rental for Avis was 3.7 days, compared to 3.81 days during the same period in 2002. The average length of rental for Budget was 4.40 days during the first quarter, down just slightly from 4.44 days during the first quarter in 2002.

Avis sold 13,093,000 rental days, compared to 13,537,000 in the same period in 2002. Budget sold 6,769,000 rental days, compared to 7,435,000 in 2002's first quarter.

Comment On This Story

Name:  
Email:  
Comment: (Max. 10000 characters)  
Please leave blank:
* Please note that every comment is moderated.

 
 

Newsletter: Sign up to receive latest news, articles, and much more.

Read the latest

Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

Car Rental Rates Up, Fleet Sales Down — Correlation?

Car rental companies’ recent fleet discipline is needed now more than ever.

Hertz, Avis Autonomy Partnerships: Good First Steps on a Long Path

Two new autonomous vehicle project partnerships bring the importance of fleet management to the fore.

An Inside Look at Car Rental in China

A trip to a new car rental convention in Guangzhou reveals a booming market, yet one facing unique challenges.

Job Finder: Access Top Talent. Fill Key Positions.

>