Most Recent Survey Results
5/6/2020 - 5/19/2020
The survey concluded that rental car rates across the country are significantly more affordable than last year, likely due to the COVID-19 pandemic.
Green Motion Turkey's new Taksim location is located just 50 meters from the famous Taksim square.
The plan would allow vendors to skip monthly payments for any four months they choose March 2020 and June 2021.
Sixt will provide fleet vehicles through the Lyft app in Seattle, Las Vegas, and Miami, with expansion to all cities within the Sixt rental network in the U.S. in the coming months.
Turo hopes these masks will be a reminder to road trippers to wear their personal face masks in public at all times.
As part of the $1 trillion HEALS Act, the Safe to Work Act creates liability protections from lawsuits related to the coronavirus pandemic. The HEALS Act contains some provisions of note for car rental companies.
While revenue was down 78% in April, Avis Budget Group finished June down 59% from the prior year. Off-airport revenues are “close to pre-pandemic levels.”
While Portuguese tourists can help revive the hotel and restaurant industry, car rental relies primarily on foreign tourists.
A dragged-out post-lockdown recovery, a huge debt pile, and the potential for zero recoveries for unsecured creditors make the Hertz bankruptcy a likely liquidation, says Wall Street analyst Girish Bhise.
An average of 80% of fleets and the mobility community are back at work full time and 90% believe their company will survive through the pandemic, although they face major income loss. Many are unsure when business would operate at “normal” levels.