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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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The three brands are now operating in Colombo, the capital of Sri Lanka, following the signing of a multi-brand partnership agreement with franchise partner Andrew The Car Rental Co. (Pvt) Ltd.
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Europcar Group has signed an agreement to acquire Buchbinder, a car rental company in Germany. Buchbinder has a network of 152 locations with a fleet of over 20,000 vehicles.
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As part of its Fill Your Tank initiative to address nutritional uncertainty, the Enterprise Rent-A-Car Foundation has donated the first of six annual donations of over 80,000 euros to the Bundesverband Deutsche Tafel eV in Germany.
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Lurento, a European-based luxury car rental company, has expanded its rental service to Spain. Currently, it also operates in Italy, Germany, Monaco, Austria, and Switzerland.
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The RATP group is investing in the Paris subsidiary of Communauto, a carsharing service. In Paris, the RATP group runs metro lines, bus lines, and shuttle services to the airports.
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Enterprise Holdings Inc. has announced plans to enter the Vietnam market with its Enterprise Rent-A-Car, National Car Rental, and Alamo Rent A Car brands. It has appointed MP Logistics as its franchisee.
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Mex Rent A Car has launched a new website that is focused on having a better mobile experience for customers.
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Pittsburgh has begun to reevaluate its relationship with Uber and the self-driving cars the company has been testing in the city, claiming the ride hailing company has reneged on several promises made to city officials and Mayor Bill Peduto.
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Avis Car Rental’s connected cars will automate fuel and mileage readings. By early 2018, Avis expects 50,000 more vehicles to become fully connected cars.
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HyreCar, a peer-to-peer carsharing marketplace that connects vehicle owners with potential drivers, can now directly sign up drivers for Lyft in Los Angeles.
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