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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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Replacing existing locations operated by a former licensee, Dollar and Thrifty brands have opened 29 branches across Italy, including Rose, Milan, Venice and Naples.
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In a new format, these 15-minute presentations will deliver insight into new products and services, best practices and new trends benefiting the car rental process.
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Avis Budget Group has reported an increase in revenue year-over-year for both fourth quarter 2014 as well as the full-year 2014: $1.9 billion and $8.5 billion, respectively. In 2014, Avis had its highest total adjusted EBITA in company history at $876 million.
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Carsharing customers in Florida are now paying a $1 per-use tax versus the previous $2 surcharge. According to Enterprise Holdings, it supports this tax cut because it helps draw attention to unfair excise taxes.
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The American Car Rental Association (ACRA) has announced that Kia Motors America has joined the association to help support the car rental industry.
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The Indiana Utility Regulatory Commission has denied a $16 million rate increase to Indianapolis Power & Light Co. to pay for Indianapolis’ BlueIndy electric carsharing charge stations.
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Silvercar, the all-Audi A4 rental company, will be giving away a year’s worth of Silvercar rentals and fuel to non-winning nominees as part of this year’s “Everyone Wins at the Oscars” VIP gift bag.
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Carsharing company Capital CarShare has opened a new parking location in downtown Albany. Launched last August, the Albany-based nonprofit carsharing company has grown to six cars and 93 members.
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Advantage Rent A Car announced today that it has entered into a definitive agreement to purchase E-Z Rent-A-Car Group Holding LLC. The parties expect to complete the transaction in the second quarter of 2015.
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The final tally for vehicle safety recalls last year shattered the previous record of 30.81 million in 2004.
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