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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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Liigu, an app-based mobility service, sees that rental car customers and rental providers are turning their attention more toward contactless solutions for accessibility and saving time.
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In addition to its daily rental business across three brands, Enterprise Holdings has developed a range of business lines to establish itself as a global mobility company. The company generated worldwide revenue of more than $30 billion in fiscal year 2022.
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In the rental lot, Hertz employees discovered a toddler who had been left in the back seat of a returned vehicle for about 45 minutes. Her grandfather was arrested for child neglect.
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Eric Rothman and Carlos Bazan have begun new terms on the car rental association's board of directors.
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Sixt's new Nashville International Airport location opened Oct. 12, offering a higher percentage of premium and lower-mileage vehicles including BMWs and Mercedes-Benz.
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The green car rental company's South American footprint grows as offices in Salta Airport, Salta downtown, and Jujuy Airport will open by the end of the year.
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Enterprise Holdings is expanding its global footprint into South Africa, with Woodford Car Hire to operate the Enterprise Rent-A-Car, National Car Rental, and Alamo Rent A Car brands.
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The "return to normal" hits a snag as rental fleets secure more vehicles but are forced to raise fees, leading to a drop in overall customer satisfaction levels.
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The global rental company has signed another new franchise agreement in Singapore, which will serve downtown and the Changi Airport by the end of this year.
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According to a survey by J.D. Power and Dealerware, 86% of customers who have rented from dealerships said they would do so again, compared to 50% for those who rented from an off-airport location of a national car rental provider.
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