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News•October 8, 2014

Rental Risk Prices Decline, Average Mileage Above 40K

Average auction prices for rental risk units continued to decline in September. After accounting for broad changes in mix and mileage, prices for rental risk units were down 4.5% from a year ago, according to the Manheim Used Vehicle Value Index.

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News•October 8, 2014

Avis, Budget Add 2015-MY Vehicles to Fleets

Avis Car Rental and Budget Car Rental have started adding new vehicles to their rental fleets and have announced their new model-year 2015 vehicles.

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News•October 8, 2014

U.S. Business Travel Spending Hits $72B in Q2

A Global Business Travel Association (GBTA) forecast has found that business travelers spent an estimated $72.8 billion on U.S.-originated business travel during the second quarter of 2014, a 7.1% year-over-year growth.

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News•October 8, 2014

SONNY’S CarWash Offers Factory Tour at Auto Rental Summit

SONNY’S CarWash Factory, a manufacturer of conveyorized automatic car washes, is providing a tour of its car wash factory on Tuesday Nov. 11 at 5:30 p.m., following the close of Auto Rental Summit.

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News•October 8, 2014

FSNA Reports Steep Drop in Revenue

For the quarter ending June 30, Franchise Services of North America Inc. reported its revenue from continuing operations at $2,628,557 compared to revenue at $50,690,948 a year ago.

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News•October 8, 2014

Enterprise CarShare, Zipcar Get GSA Car-Sharing Contracts

As part of a pilot car-sharing program, the General Services Administration (GSA) has selected Enterprise CarShare and Zipcar as car-sharing providers for federal government employees in Boston, Chicago, New York City and Washington D.C.

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News•October 8, 2014

Blackburn’s Updates Wheel Finder Website

Blackburn’s Hubcap & Wheel Solutions, an OEM wheel distributor, has launched its updated Wheel Finder 3.0, which searches for OEM wheels as well as hubcaps and center caps.

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News•October 7, 2014

eHi Auto Services Files for IPO

Shanghai-based eHi Auto Services, a Chinese auto rental and chauffeuring company, has filed for an initial public offering (IPO).

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News•October 7, 2014

Avis India Plans to Expand Fleet

Avis India plans to invest approximately $40 million (Rs 200 crore) to increase its fleet size in the next 12 to 18 months.

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News•October 7, 2014

Hertz Launches Golden Tickets Drawing in Europe

Known as the Golden Tickets drawing, Hertz has started a new giveaway for customers across Europe to win 50 prizes including flights and luxury car rentals.

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