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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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Over the weekend of Dec. 19 to Dec. 21, Hertz Global Holdings Inc. announced that it increased U.S. retail prices for all Hertz, Dollar and Thrifty car rentals reserved for pick-up on or after Jan. 1, 2015. This price increase was driven by fleet depreciation increases.
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Enterprise Holdings has purchased certain business assets — including a fleet of approximately 1,400 vehicles — from Open Road Rent A Car, an on-site rental car provider at select Toyota dealerships in Texas.
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The Los Angeles Board of Airport Commissioners has approved moving forward with a $4 billion plan to transform Los Angeles International Airport’s (LAX) ground transportation and arrival and departure experience, including a consolidated Rent-A-Car Center.
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City CarShare, a nonprofit car-sharing organization based in San Francisco, will expand its car-sharing network to underserved East Bay communities through CarShare4All — in collaboration with the Contra Costa Transportation Authority (CCTA) and the Bay Area Climate Collaborative (BACC).
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In 2014, the Avis Budget Group Charitable Foundation matched funds raised by Avis Budget Group employees to benefit the American Cancer Society, the ALS Association and the Wounded Warrior Project.
Read More →U-Save Car & Truck Rental has been approved by the National Independent Automobile Dealers Association as an endorsed NIADA National Member Benefit partner.
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During the year-end holiday season, AAA projects 98.6 million Americans will journey 50 miles or more from home, the highest travel volume for this holiday period on record.
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Enterprise Holdings has terminated the Master License Agreement that Europcar held to operate the National Car Rental and Alamo Rent A Car brands throughout Europe, Middle East and Africa (EMEA).
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Avis Budget Group Inc. plans to combine its three operating regions into two, the Americas and International. This realignment will take effect on Jan. 1, 2015, in connection with several management changes.
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The U.S. car rental market is expected to achieve a record total revenue of $26,127 billion in 2014.
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