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Top 10 News of 2015 on Auto Rental News
December 22, 2015
• by Staff
An opening of a new Budget licensee, Gotham’s merger with Beverly Hills Rent A Car and Hertz completing its financial restatements with the Securities and Exchange Commission ranked as the most read news stories on AutoRentalNews.com during 2015.
Two other mergers in the rental car industry made the list. Advantage Rent A Car purchased E-Z Rent-A-Car and Enterprise Holdings acquired Triangle Rent A Car.
As the year comes to a close, let’s revisit the top 10 news stories of the year:
In this survey of independent and franchised car rental operators in the U.S., 58% report a decline of gross revenues of more than 75%, with 17% reporting a 100% decline, essentially as a result of suspending operations.