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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.
Rental operators can now detect and act on speeding while vehicles are still on rent, thereby reducing fines, admin workload, vehicle wear, and safety risks.
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Fleets and consumer can use a transponder-less option when traveling between Canada and the U.S.
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The combination brings actionable vehicle insights into PurCo’s PurInspect platform, improving damage detection and operational efficiency for rental fleets.
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LOR related to insurance claims 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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The business arrangement connects demand with scalable fleet management services and supports a range of mobility uses.
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The shift from branch-based software to connected operations is turning rental technology into strategic infrastructure.
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The shift from branch-based software to connected operations is turning rental technology into strategic infrastructure.
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The global franchise operation reaches a first in its rental fleet portfolio with new service in Uzbekistan.
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West Coast disasters pose unique challenges and liabilities for rental fleet operators, who are advised to take steps tailored to their specific situations.
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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.
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