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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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Gig workers can apply for the program, HyreForGood, to receive an all-expenses-paid rental car for 30 days.
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Customers will need to show proof of their first or second vaccination upon pickup to access the discount.
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Expedia Group’s research surveys asked travelers what they value most as operators prepare for increased bookings.
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NextCar's coming new location will operate out of the Tampa International Airport Consolidated Rental facility, marking the company's first location outside of Maryland.
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Five companies were selected by Newlab and Ford to join them in the new Michigan Central facility to help revolutionize electrification and charging infrastructure — including fleet.
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With over 15 years travel and car rental experience, Fabrizio Ruggiero joins CarTrawler to its board of directors.
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As automakers plan to expand electric vehicle models, car rental companies can serve as a way for consumers to try out these new vehicles. However, EVs pose challenges for rental companies when it comes to factors like recharging and vehicle depreciation.
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For the quarter, Avis recorded more than $1 billion in adjusted EBITDA, its best adjusted EBITDA in company history. Stock surges on Avis's electrification intent.
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The EV market has totally evolved in the last decade and will continue to change as EVs become more affordable, longer lasting, and more efficient.
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Part and labor prices have increased 4-8%, while part and labor availability have decreased. Due to difficulties sourcing replacement vehicles, fleets are keeping units in service longer. This caused repair spend to increase in 2021.
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