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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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Car2go will be launching its car-sharing service in the Chinese city of Chongqing within a year. This pilot program will bring several hundred of its smart fortwo vehicles.
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Hertz Global Holdings Inc. has appointed Tyler Best as the new executive vice president and chief information officer, effective Jan. 26. With prior experience in senior IT roles at YP, Vanguard Car Rental and Ally Financial, Best will oversee Hertz’s global IT functions.
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According to the December ADP National Franchise Report, the rental car industry had a positive year-over-year growth rate of 3.3%, falling slightly below the average growth rate (3.4%) for all franchises.
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Dollar Thrifty Automotive Group (DTAG), part of The Hertz Corp., has expanded its existing network in Germany with 116 additional locations in cities such as Berlin, Dusseldorf, Frankfurt, Cologne and Munich.
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The 2015 Maserati Ghibli has become the newest member of the Avis Signature Series in select U.S. Avis Car Rental locations.
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Joining with the Vermont Department of Tourism and marketing, the “Who Taps it Best?” Campaign encourages Zipcar members to use its car-sharing vehicles when traveling in the Green Mountain State.
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Fat profit margins on thin capital, deficient insurance and a propensity for insurance fraud — welcome to the wrong way to rent an exotic car.
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Jeffrey (Jeff) T. Foland has been appointed senior executive vice president and chief revenue officer of Hertz Global Holdings Inc., effective later this month. Foland recently served as executive vice president, chief marketing and strategy officer at United Airlines.
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During the month of January, Silvercar, the app-based car rental operation, is offering customers a daily rate of $59 to rent one of its silver Audi A4 vehicles.
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The report covers historical overall U.S. market data by revenue and cars in service from 2014.
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