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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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February’s average nationwide quote was down $4.49 from last February after decreases of $1.02 in December and $3.87 in January. All regions were down, with the Northwest down $10.92 — the biggest decrease in the five regions.
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BMW’s ReachNow mobility service is unveiling flat rate hourly pricing of $20 for its carsharing program. Currently, ReachNow operates in Seattle, Portland, and Brooklyn.
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For full-year 2016, Hertz Global Holdings Inc. has reported total revenue of $8.8 billion, a decrease of 2% from $9 billion for 2015. In 2016, Hertz’s net loss was $474 million compared to $115 million in 2015.
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This partnership captures all rental data electronically, including video and photo, contracts, and signatures.
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By partnering with CarTrawler, Justfly.com customers will have direct online access to CarTrawler’s variety of choices for car rental, taxi, private transfer, shuttle, and bus transfers.
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With support of PSA Group and MAIF, an insurance company, French-based TravelCar is launching its peer-to-peer carsharing service in the United States at the Los Angeles and San Francisco airports.
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Uber will be offering rides in its autonomous vehicles in Tempe, Ariz., two months after leaving California.
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As part of the ride-hailing company’s 2017 expansion, Lyft has launched in 50 new U.S. cities, including Iowa City, Bismarck, N.D., Augusta, Ga., Topeka, Kan., Flint, Mich., St. Cloud, Minn., and Columbus, Ohio.
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New-vehicle sales are expected to be down 3% compared to the same time last year, for a total of 1.3 million retail and fleet vehicles sales during February, which lowers the estimated seasonally adjusted annual rate (SAAR) to 17.1 million compared to February 2016’s 17.6 million SAAR.
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In a recent audit, Denver Auditor Timothy O’Brien found that the Denver International Airport lost nearly $1.5 million in rental car concessions over two years.
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