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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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Enterprise Rent-A-Car is the presenting sponsor in honor of the rental brand’s commitment to pick up the communities where its customers and employees live and work.
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Steve Banfield, CEO of ReachNow, says that Seattle’s ReachNow carsharing service will be one of the first places people will get to try out BMW autonomous vehicles.
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Wholesale used vehicle prices in December averaged $10,642, which was essentially flat from the month before but a 3.9% increase over the same period in 2015, according to ADESA. Truck prices were down 0.6% in December.
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The city of San Francisco is reconsidering the number of parking spaces it will reserve for carsharing companies.
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The recall expansion, due to get under way in February, affects approximately 543,000 additional vehicles in the U.S.
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In the keynote seminar “Car Rental and the Future of Mobility,” panelists will discuss the changing landscape of transportation and how they could affect the business model of car rental.
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December airport rate quotes were down $1.02 nationwide from a year ago. With year-to-year comparisons from down $6.11 in January to up to $5.48 in September, the last three months of 2016 were relatively stable.
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Providing an online marketplace for classic car rental companies, Vinty hopes to expand its platform to include a peer-to-peer model for private owners who want to rent their vintage vehicles.
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Ford’s app-based, ride-sharing service Chariot will expand to eight cities this year, including at least one global city. Currently, the service operates in San Francisco and Austin.
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For a flat monthly fee, BOOK gives members access to Cadillac vehicles without the commitment of leasing, financing, or buying. BOOK will first launch in the New York metro area.
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