Avis Budget Group Inc. plans to combine its three operating regions into two, the Americas and International. This realignment will take effect on Jan. 1, 2015, in connection with several management changes.
The U.S. car rental market is expected to achieve a record total revenue of $26,127 billion in 2014.
The blue-ribbon panel will discuss the key drivers of today’s auto rental market, from the perspectives of the major companies, an independent and an auto manufacturer.
Prosecutors in California have filed a lawsuit against Uber’s ride-sharing service, saying its unlawful business practices are in violation of California Business and Professions Code sections 17200 and 17500.
According to ADESA Analytical Services’ monthly analysis of Wholesale Used Vehicle Prices by Vehicle Model Class, wholesale used vehicle prices in November averaged $9,862 — up 1.8% compared to October and up 1.1% relative to November 2013. Additionally, SUVs and luxury cars had strong month-over-month gains.
In honor of reaching one million members, car2go has revealed its user behavior data from its 60 locations worldwide, including over 32 million trips taken since car2go’s launch.
Avis has announced that it has signed a new, multi-year partnership agreement with luxury destination club Inspirato. Under the partnership, Avis has been named Inspirato's exclusive rental car provider.
The Hertz location at Pittsburgh International Airport underpaid $435,777 in county rental taxes and owes an additional $207,530 in penalties and interest, according to an audit by the Allegheny County controller’s office.