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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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A car rental operator is interested in starting a carsharing service to complement his traditional rental fleet. He is asking for tips to help him decide whether the carsharing service will be successful.
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The carsharing market has grown from a largely subsidized, university research-driven experiment into a full-fledged for-profit enterprise, owned primarily by traditional car rental companies and auto manufacturers.
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By finding a specific niche in their respective markets, these independent carsharing companies are surviving against the big guys in the expanding carsharing market.
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As the marketplace moves away from the rental counter and into "anytime, anywhere" mobile bookings, now is the time for car rental companies to embrace the notion of carsharing and its on-demand transportation technology.
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The 36-year-old independent company started in 1979 and grew to 29 locations serving Georgia, North Carolina, South Carolina and Virginia.
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In addition to design and implementation, giving conrac facility management to a third party proves beneficial to both airports and car rental companies.
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With 100,000 people visiting the Phoenix area for Super Bowl XLIX, local car rental companies share how they prepared for the event and how the game affected their businesses.
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This new model borrows carsharing technology to free the rental car from the traditional confines of the rental lot and counter.
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Wholesale used vehicle prices declined in February, according to both Manheim Consulting and ADESA, yet topped last February’s prices. Auction prices of rental risk units were up in February and mileage rose to more than 48,500 miles, according to Manheim.
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Zipcar has announced a first-of-its-kind partnership with the Big Ten Conference to sponsor its men's and women's basketball tournaments. Each of the 14 Big Ten Conference schools will be represented by its own branded Zipcar vehicle.
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