MENU
SEARCHThe company expects car rentals to drop as much as 22 percent in the second quarter compared to last year's numbers, though fleet levels will be in line with demand.
On June 15, Avis Budget Group Inc. announced that it has posted an investor update presentation to its Web site. The presentation, which will be discussed with investors in upcoming meetings, provides updates on second quarter trends including pricing and volume, the used car market and cost saving initiatives.
Highlights on outlook:
Avis Budget Group expects an overall price increase of 5-7 percent in second quarter.
Demand remains depressed in the second quarter.
Expect rental days to be down 20-22 percent year-over-year
Fleet levels continue to be in line with demand.
Industry fleet levels for the summer expected to be tight.
Per-unit fleet costs for 2010 model-year units expected to decline.
The company expects to issue $1 billion to $1.5 billion in asset-backed debt over the next year.
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.
Read More →
The business arrangement connects demand with scalable fleet management services and supports a range of mobility uses.
Read More →
The shift from branch-based software to connected operations is turning rental technology into strategic infrastructure.
Read More →
The shift from branch-based software to connected operations is turning rental technology into strategic infrastructure.
Read More →
The global franchise operation reaches a first in its rental fleet portfolio with new service in Uzbekistan.
Read More →
West Coast disasters pose unique challenges and liabilities for rental fleet operators, who are advised to take steps tailored to their specific situations.
Read More →
Angry car renters are storming social media, the mainstream media, and online ratings platforms to complain about charges they claim are either unfounded or excessive.
Read More →
A Carwiz partner in Puerto Rico is taking on the Panama franchise with operations in the nation's largest airport.
Read More →
The integrated business model combines each operator’s local expertise with international standards to boost sales.
Read More →
The study looks at customer analytics to size up performance in car rentals, rideshare, airlines, lodging, and OTAs.
Read More →
