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NewsMarch 31, 2010

Avis Budget Group Completes $580 Million Asset-Backed Bond Offering

The transaction is the first multi-tranche asset-backed securities offering by a rental-car company since 2003.

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NewsMarch 31, 2010

Rental Car Tax Removed From Arizona Bill

The House bill will not require rental car customers to shoulder the costs of the state's project.

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NewsMarch 31, 2010

Corporate Rental Rates Stabilizing … Or Even Increasing

Average corporate car rental rate for a full-size car is up more than $4.

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NewsMarch 24, 2010

Michigan Passes New Rental Car Tax

The legislation would loan about $20 million to the Michigan Promotion Fund and repay the balance with revenues from the car rental surcharge.

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NewsMarch 24, 2010

Equipment Rental Tax Defeated in Mississippi

The legislation would have applied a 2 percent tax on equipment rental agreements with a term of one year or less.

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NewsMarch 24, 2010

South Dakota Airport Rental Agencies Seek Help

Their revenue fell 23 percent last year and has fallen 16.5 percent so far this year.

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NewsMarch 24, 2010

Attend the Car Rental Show for Free

Jim Tennant's "7 Moneymaking Ideas to Use Today" will be open to all attendees of the 2010 Car Rental Show. Idea presenters will have a chance to win a fully transferable Car Rental Show registration.

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NewsMarch 17, 2010

Avis Amends Existing Credit Facility and Completes Offering of Senior Notes

The ratings agency Standard and Poor's raised its rating on Avis senior unsecured notes to “B”, citing recent financing activity that reduced the rental car company's secured borrowing.

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NewsMarch 17, 2010

Enterprise Holdings Launches 'Drive Out' Promotions in Florida and Arizona

The 'Florida Drive Out' program also features drop off anywhere throughout the continental U.S.

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NewsMarch 17, 2010

Hertz Launches “Journey On” Branding Campaign

The multi-million dollar national campaign was launched Monday across broadcast and cable television, national newspapers and online.

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