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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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Retail industry drivers purchase more premium fuel and higher-priced fuel on average than other industries, while telecommunications, insurance and government fleets keep overspending in check, according to data from WEX Inc.
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For the third year in a row, Enterprise Rent-A-Car is ranked highest in satisfaction among rental car companies, according to the J.D. Power 2016 North America Rental Car Satisfaction Study. Enterprise Holdings' other brands National and Alamo took second and third.
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Through this marketing partnership, Enterprise will roll out exclusive video content featuring popular artists and bands. In addition, Enterprise will advertise at Live Nation’s owned and/or operated venues and across its digital network.
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Hertz Global Holdings Inc. has reported revenue of $2.5 billion for its third quarter 2016, a 1% decline compared to last year, due to higher vehicle depreciation and a decline in rate per day.
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Avis Car Rental has launched a promotion for its Avis Preferred loyalty program members. Now through Dec. 31, Avis Preferred members will earn a minimum of 100 Avis Preferred Points on every rental.
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In honor of Veterans Day, Enterprise Car Sales will provide active U.S. military members, veterans, and dependents with a Firestone Prepaid Maintenance Package with their used vehicle purchase during the month of November.
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Sixt Rent-a-Car has released an election-themed social ad campaign starring Jimmy McMillan. With its new "Damn Cheap" campaign, Sixt also announced it will open a new location in New York City in early 2017.
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Zipcar will make over 7,000 vehicles free for its members to use on election night. Select vehicles will be free from 6 p.m. until 10 p.m. to encourage members to #DRIVEtheVOTE.
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General Motors’ carsharing program Maven continues its expansion by launching in Los Angeles. Maven is now available in nine U.S. cities.
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Avis Budget Group has reported revenue of $2.7 billion for its third quarter 2016, a company record. This is a 3% increase primarily due to a 2% increase in pricing in the Americas and a 4% growth in international rental days.
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