Spanish Car Rental Companies Face Fines in Excess of $3M
Following an investigation by the National Commission for Markets and Competition, 11 car rental companies were fined more than $3 million after an investigation of price fixing at several of Spain’s airports in conjunction with Aena and Aena Aeropuertos.
The National Commission for Markets and Competition (CNMC) fined 11 Spanish car rental companies more than $3 million combined following an investigation of price fixing through airport operator Aena and its subsidiary Aena Aeropuertos, who were fined more than $1.2 million, according to a report by Euro Weekly News. The price fixing took place in airports all over Spain.
Over a span of 13 years leading up to September 2012, the CNMC found that car rental companies exchanged commercially sensitive information with the ‘necessary collaboration’ of the airport operator, a forbidden practice that hinders free market competition in Spain’s car rental sector, says the report.
The rental companies facing fines include Hertz ($709,837), Europcar (over $1.17 million), Atesa ($756,339), Canary Islands ($176,433), Special Prices Auto Reisen ($65,650), Top Cars Auto Reisen ($43,766), Autos Cabrera Medina ($21,883), ) and Coral Car ($21,610), Payless Car ($17,301) and Owners Cars ($3,556).
Click here for the full Euro Weekly News article:
http://www.euroweeklynews.com/news/item/118304-car-rental-companies-and-aena-fined-for-car-rental-price-fixing
More Rental Operations
Stop Losing Money On Rental Tolls
Regardless of your rental fleet size and structure, fleet managers, executives, and owners can gain valuable insights into an often-overlooked area of fleet operations.
Read More →
Rethink The Future To Avert A Race To The Bottom
Rental car operators heard a sobering industry message and a stern challenge at the close of the International Car Rental Show.
Read More →
DriveItAway, Free2move Plan Shared Fleet Program for Independent Rental Fleet Operators
Vehicles would be placed with participating rental operations to support car renter demand and provide additional fleet capacity.
Read More →
Stellantis Recalls 1.3 Million Jeep Vehicles Worldwide Over Fire Risk
Stellantis is recalling more than 1.3 million Jeep Wrangler and Gladiator models worldwide over a fire risk linked to power steering pump wiring.
Read More →
Green Motion And U-Save Open Rental Operations In Guatemala
The brands will open their first rental car outlets in the country at La Aurora International Airport in Guatemala City.
Read More →
U.S. Business Travel Drives $623 Billion+ in Economic Impact as Spending Reaches $538 Billion
The data also underscores the industry’s strong multiplier effect across the U.S. economy, revealing that each dollar invested in business travel in 2024 generated $1.16 in GDP.
Read More →
Rental Fleet Sales Skating Just Above 2025 Levels
The U.S. economy's continued growth and positive business investment are creating a favorable environment for fleet vehicle demand.
Read More →
Grow Your Rental Business Beyond Cars
Rental fleet operations are facing numerous evolving challenges and opportunities from AI technology to rate and revenue management, to customer service and business growth.
Read More →
Using AI to Create Clarity, Not Conflict, in Rental Car Damage
Rental companies still need people, policy, judgment, and thoughtful implementation, with operators remaining in control of the customer experience.
Read More →
Get Ready To Roll: No Stopping Self-Driving Rental Cars
The autonomous mobility technology revolution will move at its own pace, but sooner rather than later.
Read More →