Tagged Rental Revenue

Sixt Turns Profit in U.S.

Sixt says June was its first profitable month in the U.S., which continued in July. Companywide revenues were up 17.1% for the first half of 2016.

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Hertz Revenue Declines 2%

In the second quarter 2016, Hertz Global Holdings Inc. has reported its total revenues as $2.3 billion, a 2% decline versus the second quarter of 2015. Hertz had a net loss of $28 million compared to $13 million during the same time last year.

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Avis Budget Revenue Rises on Better Pricing

Avis Budget Group has reported revenue of $2.2 billion for its second quarter 2016. This is a 3% increase primarily due to a 3% rise in rental days.

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Avis Budget Group to Announce Second Quarter Results

Avis Budget Group Inc. plans to report its second quarter 2016 results after the market close on Tuesday Aug. 2.

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Hertz to Hold Second Quarter Earnings Webcast

Hertz Global Holdings Inc. will host a live webcast discussion of its 2016 second quarter financial results on Tuesday August 9.

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Pricing Was Bad But It’s Improving

Over-fleeting and demand anomalies put unusual pressure on pricing in the first few months of 2016, but conservative fleeting and strong summer demand is turning that around, according to Hertz and Avis Budget Group’s first quarter conference calls.

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Hertz Revenue Declines 6%

In the first quarter 2016, Hertz Global Holdings Inc. has reported its total revenues as $2.3 billion, a 6% decline versus the first quarter of 2015. Hertz’s car rental average fleet declined 4% but fleet efficiency rose to 77%.

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Avis Budget Increases Revenue by 2% in Q1

Avis Budget Group has reported revenue of $1.9 billion for its first quarter 2016, a 2% increase and 3% growth in constant currency.

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Hertz to Hold First Quarter Earnings Webcast

Hertz Global Holdings Inc. will host a live webcast discussion of its 2016 first quarter financial results on Tuesday May 10.

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Avis Budget Group to Announce First Quarter Results

Avis Budget Group plans to report its first quarter 2016 financial results after market close on Tuesday May 3.

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Hertz Lowers Rental Revenue Target

Despite this reduction, Hertz Global Holdings Inc. confirms that its full-year 2016 adjusted earnings will be within a range of $1.6 to $1.7 billion.

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Hertz Swings to Profit; Revenue Drops 5%

For the full-year 2015, Hertz Global Holdings Inc. has reported total revenue of $10.5 billion, a 5% year-over-year decline. But its adjusted earnings were up 12% from 2014 at $1.49 billion.

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Avis Budget’s Full-Year Revenue Increases 5%

Avis Budget reported increased revenue for both the fourth quarter 2015 and full-year 2015 and a net loss of $5 million in the fourth quarter. The company also addressed the impact of ride-hailing companies Uber and Lyft.

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Hertz to Announce Q4, Full-Year Earnings

Hertz Global Holdings Inc. will host a live webcast discussion of its 2015 fourth quarter and full-year financial results on Tuesday March 1.

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U.S. Car Rental Industry Revenue Tops $27 Billion

Total revenue in the U.S. car rental market is expected to reach $27.106 billion in 2015, though industry-wide revenue per unit, per month dipped slightly to $1,035.

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Hertz Revenue Falls 2%

During third quarter 2015, Hertz Global Holdings reported a 2% decrease in its U.S. total revenue year-over-year due to flat transaction days and a 2% decline in total Revenue per Transaction Day (RPD).

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Hertz to Announce Third Quarter 2015 Earnings

Hertz Global Holdings Inc. will host a live webcast discussion of its 2015 third quarter financial results on Monday Nov. 9.

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Avis Budget Increases Q3 Revenue by 1%

Avis Budget Group Inc. has reported revenue of $2.6 billion for its third quarter 2015, a 1% increase, on an increase on rental days partially offset by negative currency exchange rates.

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Enterprise Increases Revenue to $19.4B

During fiscal year 2015, Enterprise Holdings grew total revenues by 8.8% to $19.4 billion and increased its fleet size to more than 1.7 million vehicles.

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Avis Budget to Report Third Quarter 2015 Results

Avis Budget Group Inc. plans to report its third quarter 2015 results after the market close on Monday Nov. 2.

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

Car Rental’s Call to Action on Autonomous Vehicles

The car rental industry has built-in advantages to support a world with driverless cars, but it needs to take the next step in partnering with autonomous vehicle stakeholders.

Iran — a Growth Market for Car Rental?

The second largest economy in the Middle East is poised for foreign investment, if post-nuclear deal jitters can be eased.

Rentals and Terrorist Activity: Time to Hone the Plan

Terrorist activity is frequently tied to a rental vehicle. In today’s heightened risk environment and the potential for terrorism from within, local operators need to hone an action plan.

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