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LOR overall continues to trend downward, but ongoing market and economic conditions could affect future results while the industry deals with staffing and productivity challenges.
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From increased rental deliveries and CDC-level germ eradication standards to a newfound connection with customers, car rental won’t be the same “After Coronavirus.”
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As COVID-19 decimates the rental industry, car rental operators in Maui are having to store idle vehicles in grassy sugar cane fields.
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Experts offer consumers and companies advice on how limit the spread of the coronavirus in rental and ride-hailing vehciles.
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Wile Uber's Work Hub is only available in the U.S., the ride-hailing company is working in other countries to form partnerships for its drivers.
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The former N.Y. state assemblyman was instrumental in helping to overturn a law that limited car rental companies’ ability to collect for damages caused to their vehicles.
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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.
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Due to COVID-19, countries around the world have implemented strict travel restrictions or have closed their borders.
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The fairgrounds, which has 7,000 parking spots, received the vehicles under three separate 30-day contracts totaling $70,000.
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In Brazil, the local vehicle leasing business has dropped by 25%, while the Brazilian car rental industry has taken a 90% hit.
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The free of charge car rental “Front Line Heroes” Program from Executive Car Rental includes healthcare workers, police officers, ambulance and EMT staff, and fire departments.
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