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Japan's tourism industry, business travel market, and demand for vehicle rental services are reasons the country represents an important market for the company.
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In his monthly used vehicle market conditions commentary, Tom Kontos of Adesa reports that wholesale used vehicle prices in September averaged $9,742 -- a 2.1 percent decrease from August but a 2.1 percent increase from September 2008.
Read More →Cramer blesses Hertz and damns other car rental stocks for the wrong reasons.
Read More →Enterprise has entered into a multi-year agreement with the NHL and NHLPA. Under the agreement, Enterprise will be partnered with each of the 30 NHL clubs, providing the rental car company with a highly visible presence on the national level as well as the local level.
Read More →As a result of this new venture, Metavera Solutions will have global distribution rights to Convadis hardware with exclusivity in North America and Latin America -- marketing, selling, and supporting the combined solutions.
Read More →With the new partnership, Hertz will serve as a Supporting Partner of Golf Retirement Plus and provide discounted rental car rates to PGA professionals, apprentices and staff.
Read More →Standard & Poor's has raised Avis Budget Group's credit rating to “B-“ from “CCC+,” which is due to improved liquidity.
Read More →Avis Budget intends to simultaneously enter into a warrant transaction, or "call spread," and use a portion of the net proceeds of the offering to purchase a convertible note hedge. This may have an effect on the market price of Avis Budget's common stock, the company said.
Read More →The 5.68 percent notes were priced to yield 5.75 percent, have an expected final payment date in February 2013 and are rated AAA by Moody's Investors Service.
Read More →Dennis DeSantis, owner of Specialty Car Craft, claims actress Lindsay Lohan owes him more than $10,000 for various rentals.
Read More →Business has slid 20 percent in the Bahamas year over year, blamed in part by new taxes. At least the John Travolta extortion case and Miss Universe Pageant have helped buoy rentals, says one operator.
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