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Hertz CEO Paul Stone cited U.S. rental volume improvements since Labor Day and domestic revenue improvements of 14 points from July to September.
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Conrac Solutions’ partnership with iCON Infrastructure effectively merges Conrac Solutions’ transportation infrastructure delivery expertise with iCON Infrastructure’s international investment management network.
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Special rates and contactless rental experiences help retain customers.
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Wholesale used vehicle prices increased 0.47% month-over-month in October, bringing the mid-month Manheim Used Vehicle Value Index to 161.9, a 15.4% increase from October 2019.
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Mark Lister has spent most of his career in the car rental industry, where he had the opportunity to hold various positions, from the field to the management of teams and commercial development.
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The financing, expected to be structured as an asset-backed securitization short-term facility, will fund the purchase of about 229,000 vehicles in 2021.
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Commercial fleet sales from nine manufacturers totaled 55,252 in October 2020, representing a 12.6% overall decrease when compared to the same time last year, though these declines were impacted by a 49.5% drop for sedans, which represents the smallest segment volume for commercial fleets.
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Backed by Uber, Lyft, and food delivery apps such as Postmates, Proposition 22 exempts app-based drivers from Assembly Bill 5, the California law that created a stricter criteria for independent contractors.
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The new interface link, available to Sixt franchisees worldwide, supports streamlining the workflow process between reservations gathering and operations procedure
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Hertz will continue to trade on the over-the-counter (OTC) market, where the majority of stocks sold are penny stocks.
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