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NewsMarch 9, 2021

A Year Later: How the Pandemic Has Affected Rental Car Companies in Dubai

As industries try to recover economically from this past year, the car rental industry might see more business owing to the trend to “user-ship” over ownership.

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Newsby StaffMarch 6, 2021

Getaround Launches Power Host Program for Fleet Owners

The new program from Getaround, which has launched in 26 new cities in the last three months, is designed to support vehicle owners with trip insurance, dedicated account managers, and demand analytics.

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Newsby StaffMarch 2, 2021

Sixt SE Announces Senior Management Succession Plan

Erich Sixt to resign from Sixt management board. His sons Alexander and Konstantin Sixt will succeed him as joint chairmen of the board and co-CEOs on the group management board.

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Newsby StaffMarch 2, 2021

Hertz Gets $4.2B Purchase Bid in Plan to Exit Bankruptcy

The buyers, Knighthead Capital Management and Certares Management, would take at least a majority share and as much as 100% of the company. The proposed plan would pay in full all of Hertz's existing first- and second-lien debt and provide a 70% cash recovery to general unsecured creditors.

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Newsby StaffMarch 2, 2021

Hertz Posts Net Loss of $1.7B in 2020

The company says it plans to emerge from Chapter 11 bankruptcy by mid to late summer.

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Newsby StaffMarch 1, 2021

TSD Extends Exclusive Provider Partnership With U-Save

TSD's comprehensive system benefits all U-Save employees and licensees from corporate-level management to multi-location franchise operations, the company said.

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Newsby StaffMarch 1, 2021

Surprice Opens 4 New Locations in Greece

Despite the challenging circumstances of COVID-19, Surprice Car Rentals has developed a new policy for an updated quality control of its services.

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Newsby StaffMarch 1, 2021

Europcar Announces New Capital, Initiatives, and Board of Directors

Europcar Mobility Group is planning mid- and long-term subscription services for companies and businesses. CEO Caroline Parot: “We are back in the game.”

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Newsby StaffFebruary 26, 2021

MarginFuel’s Demand Tool Shows Car Rental Yield Opportunities

The tool, which gives pricing and demand data for worldwide locations, reveals the significant yield management opportunity due to lower fleet volumes, said Andrew Pascoe, CEO of MarginFuel.

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Newsby StaffFebruary 24, 2021

Travelers Trust Car Rental Over Planes, Buses

A survey gauging consumers' comfort levels with various modes of travel found that 38% of respondents felt "very comfortable" or "somewhat comfortable" when renting a car. Road trips leads the list, while flying internationally is at the bottom.

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