Hertz Raises Retail Rates on Car Rentals

The Wall Street Journal reports several car rental agencies raising prices to reflect increasing operating costs.

Hertz Global Holdings Inc. has implemented price increases at its retail rental locations in North America and Europe to curb the effects of inflation, rising commodity costs, and a tough used-car resale market.

Hertz says car-rental rates will rise by an average of more than 10 percent in North American airport markets -- or more than $5 a day; 5 percent in U.S. off-airport markets, and about 10 percent in European airport and downtown markets.

Enterprise Rent-A-Car, National Car Rental and Alamo Rent-A-Car have increased retail pricing over the past month at airport locations. Dollar Thrifty will wait and see before it considers raising its rates, according to The Wall Street Journal.

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

Five Business Model Trends for 2017

As new forms of mobility take flight, the borders with traditional car rental are starting to erode.

Are Commercial Drone Deliveries Eminent in the U.S.?

Amazon just delivered its first package by drone in England. Will U.S. delivery fleets be able to take advantage soon?

Autonomous Vehicles and the Changing Role of the Fleet Manager

With fewer drivers and substantially longer fleet lifecycles, fleet managers will pivot to new job functions.

Job Finder: Access Top Talent. Fill Key Positions.