January Full-Size SUV Prices Decline

In January, all model classes showed month-over-month and year-over-year price gains — except full-size SUV/CUVs, according to ADESA. Overall, wholesale used vehicle prices were up 2.8% compared to December and up 6.7% year-over-year.


Hertz Posts $474M Net Loss for 2016

For full-year 2016, Hertz Global Holdings Inc. has reported total revenue of $8.8 billion, a decrease of 2% from $9 billion for 2015. In 2016, Hertz’s net loss was $474 million compared to $115 million in 2015.


Record360, GoFormz Partnership Expands Digital Offerings

This partnership captures all rental data electronically, including video and photo, contracts, and signatures.


CarTrawler Partners With Justfly Online Travel Agency

By partnering with CarTrawler, Justfly.com customers will have direct online access to CarTrawler’s variety of choices for car rental, taxi, private transfer, shuttle, and bus transfers.


French Peer-to-Peer Carsharing Service to Launch at LAX, SFO

With support of PSA Group and MAIF, an insurance company, French-based TravelCar is launching its peer-to-peer carsharing service in the United States at the Los Angeles and San Francisco airports.


Self-Driving Ubers Now Running in Arizona

Uber will be offering rides in its autonomous vehicles in Tempe, Ariz., two months after leaving California.


Lyft Expands to More Than 50 New U.S. Cities

As part of the ride-hailing company’s 2017 expansion, Lyft has launched in 50 new U.S. cities, including Iowa City, Bismarck, N.D., Augusta, Ga., Topeka, Kan., Flint, Mich., St. Cloud, Minn., and Columbus, Ohio.


Recall Repairs Are Not Afterthoughts

It's easy for small commercial fleet operators to neglect recall repairs. If "fleet" isn't your first business priority, recalls must be.


February New-Vehicle Sales to Decline 3%, KBB Says

New-vehicle sales are expected to be down 3% compared to the same time last year, for a total of 1.3 million retail and fleet vehicles sales during February, which lowers the estimated seasonally adjusted annual rate (SAAR) to 17.1 million compared to February 2016’s 17.6 million SAAR.


Audit Discovers $1.5M Loss at Denver Airport’s Car Rental Businesses

In a recent audit, Denver Auditor Timothy O’Brien found that the Denver International Airport lost nearly $1.5 million in rental car concessions over two years.


CarTrawler Appointed as Car Rental Partner to Jetstar

Customers of Jetstar, a low-fare airlines based in Australia, will now have access to CarTrawler's network of car rental and ground transportation options.


Sixt Launches Sports and Luxury Vehicles Website

Sixt rent a car has launched its new Sports & Luxury Cars website to better serve its customers. Sixt has expanded its premium vehicles fleet and set up a central reservation and advisory center.


International Car Rental Show’s Mobile App Returns

In lieu of a printed event guide, the 2017 International Car Rental Show will be bringing back its mobile app, which includes the entire show program.


Minn. Bill Cuts Carsharing Taxes, Not Rental

Minnesota’s Senate Tax Committee has passed a bill that would exempt carsharing from the higher tax rates charged on traditional vehicle rentals.


Skurt Raises $10M in Funding

Skurt, a transportation service that delivers rental cars, has raised $10 million in Series A funding. The round was led by Upfront Ventures.


Woman Arrested After Driving Stolen Rental Vehicle for Two Years

Richmond Airport’s Enterprise Car Rental told police that the vehicle was stolen some time in December 2014, but it wasn’t noticed until last week after an inventory check.


Enterprise Holdings Debuts First Documentary Film

Enterprise Holdings has released its first documentary film, which features a small town in Minnesota that has produced several professional hockey players. The film is part of Enterprise’s contact strategy focused on storytelling that inspires.


Turo Adds Data Management Software to App

Turo, a peer-to-peer carsharing marketplace, will be using Yhat’s ScienceOps software to power its car rental app. The software will provide data-driven pricing and vehicle recommendations to people listing and renting cars via the app.


Wholesale Truck Values Continue to Thrive, Luxury Cars Struggle

The truck segment outperformed cars and luxury car depreciation rates remained high last week, according to Black Book’s Feb. 20 Market Insights report.


Hertz and Air France Renew 28-Year Partnership

As part of the agreement, Air France passengers will receive up to a 15% discount on Hertz basic car rental and up to a 10% discount on Thrifty and Firefly basic car rental, worldwide.


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