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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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Wholesale used vehicle prices remained unchanged between August and September, remaining at 126.9 for September, which is a 1.7% increase from a year ago.
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Airport rates for September are up $5.48 year-over-year, the largest increase since July 2014. But the weekly rates suggest it’s not yet a guarantee that rates are on a long-term upward trend: the rates were up mid-month and then flattened out the last two weeks.
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California’s Gov. Jerry Brown approved a bill that allows drivers for transportation network companies (TNCs) — such as Uber and Lyft — to use rented or leased vehicles.
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car2go has announced that its carsharing service has crossed the two million global member milestone. In North America, car2go serves 800,000 members.
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Once a month, Jim Schalberg Auto Rental Solutions offers its new operator class at its headquarters in South Carolina.
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Enterprise Holdings has announced that its Enterprise Rent-A-Car brand has started operating in Argentina, Paraguay, and Curacao this month. The locations will be serving the airports in Buenos Aires, Mendoza, Asuncion, and Willemstad.
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The fourth edition of Auto Rental News International — focused on the Middle East/Africa region — is now available online.
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Montreal’s carsharing companies (car2go and Communauto) face new regulations from the city of Montreal. The city wants to limit the number of carsharing vehicles to 1,000.
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Mex Rent A Car’s affiliation program has reached Panama with the opening of a location at Tocumen International Airport in Panama City.
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Enterprise Rent-A-Car will be the sponsor of the People Award for the 2017 Tourism for Tomorrow Awards.
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