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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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To date, the car rental industry has been mostly left out of the picture regarding autonomous vehicles and liability. It's time to consider these issues well before autonomous vehicles are deployed.
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We asked several International Car Rental Show attendees for insights into their businesses in 2016 and the industry in general.
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If you weren't at the 2016 International Car Rental Show, you missed understanding firsthand how new trends, threats, opportunities, legislation, and products and services will affect your business.
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Campervan rentals are growing based on strong word-of-mouth from outdoorsy millennials and an expat rental company from New Zealand.
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Since its launch one month ago in Seattle, BMW Group’s carsharing service ReachNow has more than 13,000 people registered for the service. BMW Group has named ReachNow's executive team.
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Effective May 26, car2go members can start trips in Arlington, Va., and legally end them in Washington, D.C., and vice versa. Prior to cross-jurisdictional access, users had to start and end trips in the same jurisdiction.
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According to Sojern’s Q1 Global Travel Insights Report, the top 10 booked destinations were: Canada, the U.S., Mexico, United Kingdom, France, Spain, Portugal, Germany, Italy, and Switzerland.
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In the first quarter 2016, Hertz Global Holdings Inc. has reported its total revenues as $2.3 billion, a 6% decline versus the first quarter of 2015. Hertz’s car rental average fleet declined 4% but fleet efficiency rose to 77%.
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Capital Auto Rental, a division of Capital Ford, has opened in Raleigh, N.C. The rental service provides vehicles for daily, weekly, monthly, and long-term rentals.
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In celebration of World Pulmonary Hypertension Day, Enterprise CarShare announced its support of the Pulmonary Hypertension Association (PHA) to help raise awareness of this rare heart and lung condition.
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