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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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As Hurricane Irma closes in on South Florida, car rental operators are closing early, securing buildings, and relaxing rental policies to ensure that employees and renters are safe.
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Hertz and Thrifty will pay nearly $2 million to its Seattle-Tacoma International Airport employees in back pay owed under SeaTac’s minimum wage law, according to the Washington State Department of Labor & Industries.
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Throughout San Jose, Heredia, and Alajuela, 20 Zipcar vehicles are now available by the hour or the day. Costa Rica is Zipcar’s first launch in Latin America.
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Fleet Jam Session, convening at the 2017 Auto Rental Summit, will provide analysis of Hurricane Harvey and Hurricane Irma's effects on the auto rental industry, from the used car market and new car sales to rental rates, volume, and new and used values.
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Greg Thibault will retire as Avis Budget’s vice president of fleet disposal after 20 years of leading Avis Budget’s auction sales and wholesale turn-back process with manufacturers.
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To assist with disaster recovery, Enterprise Holdings has already delivered more than 4,000 rental cars and trucks into the Southeast Texas region. It anticipates bringing in 17,000 total vehicles before the end of the month.
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Turo, a peer-to-peer carsharing marketplace, has raised $92 million in funding from Daimler and other investors. Turo also acquired Daimler's Croove, a peer-to-peer carsharing service in Germany.
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August airport rates were up $3.45 over last year. Hurricane Harvey’s devastation will have a major effect on the Texas vehicle rental industry, but it didn’t significantly affect rates in August.
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Zipcar has announced a new partnership with the city of Golden, Colo., to bring its carsharing service to area residents, businesses, visitors, and students.
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car2go has announced that its membership in Seattle has surpassed the 100,000 member milestone. To celebrate this milestone, car2go is offering its members up to $50 in reimbursed ferry rides if they use a Mercedes-Benz car2go vehicle over Labor Day weekend.
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