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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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For the full-year 2015, Hertz Global Holdings Inc. has reported total revenue of $10.5 billion, a 5% year-over-year decline. But its adjusted earnings were up 12% from 2014 at $1.49 billion.
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Zipcar has launched a suite of new mobility features, including using vehicles for either one-way or round trip, changing drop-off spot as plans change during a trip, and extending reservations indefinitely.
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Vice City VIP, a luxury and exotic rental car rental provider, is offering rental incentives to its customers, including a free fourth day rental on all exotic cars and a free fifth day rental on all luxury cars.
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Often used in dealerships to increase monthly sales volumes, an elevated auto display could be beneficial for increasing rentals at a car rental operation.
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In lieu of a traditional event guide at this year’s International Car Rental Show, the mobile app puts the entire show program in the palm of your hand.
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The national average length of replacement rental (LOR) rose slightly to 11.5 days overall in 2015, according to Enterprise’s Automated Rental Management System (ARMS). California saw the largest increase in LOR.
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Europcar Group received a 2016 TripAdvisor Travellers’ Choice Award for favorite rental car service for its locations in four Europe countries: France, Spain, England, and Germany.
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Avis Budget reported increased revenue for both the fourth quarter 2015 and full-year 2015 and a net loss of $5 million in the fourth quarter. The company also addressed the impact of ride-hailing companies Uber and Lyft.
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As the recall bill comes closer to law, learn more about how this law could impact your rental car operation.
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Still comfortable using the pencil and paper method to document vehicle damage? Technology can do it better — and is needed to improve trust, transparency and customer service.
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