The Hertz Corp. has announced that its board of directors approved plans to separate into two independent, publicly traded companies. The companies will be “Hertz” (Hertz, Dollar, Thrifty, Firefly rental car businesses and Donlen fleet leasing) and “HERC,” the Hertz Equipment Rental Corp.
Hertz’s redesigned Gold Plus Rewards now allows members to achieve elite status faster, earn more points and access account information with improved technology.
By using the online “Pay Now” option to pay for rentals in advance, Avis Car Rental and Budget Car Rental customers can use the new express lane at Avis and Budget rental counters.
Although wholesale used vehicle prices were down from January, the prices were up 0.9% on a year-over-year basis, according to ADESA. Continued wholesale supply growth was coupled with weaker retail demand.
Economy Rent A Car has teamed up with Alaska Auto Rental to open an affiliate location in Fairbanks, Alaska.
Hertz Global Holdings Inc. will discuss its fourth quarter 2013 and full year earnings results during a conference call next week. The call will be held on Tuesday March 18 at 10:00 a.m. EST.
BMW plans to expand DriveNow, its short-term car-sharing program, to as many as 25 cities in the U.S. and Europe.
Avis Car Rental has once again been named the leading car rental company in the Brand Keys Customer Loyalty Engagement Index. This is the 15th consecutive year that Avis has earned this title.