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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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Progressive Insurance’s annual Keys to Progress program provided more than 100 newly refurbished vehicles to military members and their families. Enterprise Rent-A-Car offered six months of automobile insurance for each donated vehicle.
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Compared to 2015, this is an increase of 1 million travelers or 1.9% growth. It's the most Thanksgiving travelers since 2007.
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Hertz has started using electronic rental agreements and has expanded its eReceipt and Express Return service. The services will be available at all U.S. Hertz, Dollar, and Thrifty corporate locations by the end of this year.
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Through this agreement, Avis Budget Group will continue to promote its Avis Car Rental and Budget Car Rental brands and special offers to USAA's membership base of nearly 12 million current and former members of the U.S. military and their families.
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Self-driving taxi startup Nutonomy is expanding its autonomous vehicle trials to roads in the U.S.
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Hyundai Motors and WaiveCar, an all-electric carsharing service that runs on advertising dollars, have announced a partnership that will give consumers the ability to drive the new Hyundai IONIQ electric sedan for two hours at no charge.
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General Motors’ carsharing service Maven has teamed up with Uber to provide Uber’s ride-sharing drivers the option to lease vehicles by the week or longer at discounted rates. The 90-day pilot will launch in San Francisco.
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Billionaire investor Carl Icahn has more than doubled his stake in Hertz Global Holdings Inc. after the rental company reported a loss in its third quarter profit.
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Under the multi-year agreement, Avis Budget Group will continue to provide AARP members with discounted rates on rentals with Avis Car Rental, Budget Car Rental, Budget Truck Rental, and Payless Car Rental.
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December travel peaks around the world primarily due to holidays celebrated within the month, according to a report by Sojern. Globally, the most popular days that travelers have searched to fly are December 22 and 23.
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