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The credit rating agency says the outlook for consolidated rental car facilities (CONRACs) is not as severe as initially projected, with monthly shifts in rental car transaction days performing slightly better than enplanements.
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ACRA members purchase one in every eight new light-duty vehicles sold in the U.S., which emphasizes car rental’s stakeholder position in the conversion to zero-emission vehicles.
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A U.K-based survey also found that 27% of respondents said the damage had not been properly recorded by the car rental company, while about 4% reported that the rental companies tried to blame them for the damage.
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The new e-Shield line features properties that allow longer driving range for EVs, according to Phillips 66.
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As industries try to recover economically from this past year, the car rental industry might see more business owing to the trend to “user-ship” over ownership.
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Wholesale used vehicle prices jumped 3.79% month-over-month in February, led by a major increase near the month's end.
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The new program from Getaround, which has launched in 26 new cities in the last three months, is designed to support vehicle owners with trip insurance, dedicated account managers, and demand analytics.
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The Electrification Coalition has developed a free customizable method to provide fleet managers the data they need to move ahead with electric vehicles.
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Erich Sixt to resign from Sixt management board. His sons Alexander and Konstantin Sixt will succeed him as joint chairmen of the board and co-CEOs on the group management board.
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The chargers will enable seamless passenger electric vehicle travel across wide swaths of the U.S.
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