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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 a luxury club member, customers receive priority car reservations and delivery to their door. Members can choose between 15 different luxury models.
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Los Angeles-based Legends Car Rental has added van rentals to its fleet. New Mercedes-Benz Sprinter vans are now available for customers.
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When faced with the prospect of losing access to a vehicle for an extended time, millennial drivers in particular say they would rather go without social media for a week (50%), according to a survey by Enterprise Rent-A-Car.
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A car washer at a Globe Car Rental location in Montreal found a surprise under the hood of a rental car: a snake.
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Usage of car2go increased by 40% year-over-year in the first half of 2017 compared to the first half of 2016 across all 11 of the service's North American locations. Among car2go's locations, New York, Toronto, and Vancouver have experienced the fastest year-over-year membership growth.
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Maven, General Motors’ personal mobility brand, has ordered 250 more Chevrolet Bolt electric vehicles for carsharing tests.
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Perfect Price, the artificial intelligence company for pricing, has announced four rent-a-car pilots and a goal of 10 active pilots globally by the end of September. Additionally, Michael Kane has been named to the company’s advisory board.
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For the second quarter 2017, Hertz Global Holdings Inc. has reported its total revenues as $2.2 billion, a 2% decline versus second quarter 2016. Hertz reported a net loss of $158 million, including $54 million of impairment charges.
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Jay Cadigan will retire from Manheim, capping a 40-year career in the remarketing industry that included stints at auctions, as well as leasing companies and rental car operators.
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In the first half of 2017, Europcar reported revenue of 1.028 billion euros — up 10.1% at constant exchange rates compared with the first half of 2016. Europcar's number of rental days increased to 30 million.
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