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Rental Operationsby StaffNovember 12, 2012

Auto Rental Summit Thanks Sponsors and Attendees

Many attendees won prizes at the Auto Rental Summit thanks to conference sponsors. The event took place Oct. 29-30 and offered training and education designed to improve customer service in the car rental industry.

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Rental Operationsby StaffNovember 12, 2012

Avis Budget Group Partners with Mountain Resort Company

Intrawest named Avis and Budget the ‘Official Rental Car’ at its ski resorts throughout North America.

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Rental Operationsby StaffNovember 12, 2012

Avis South Africa Named Licensee of the Year by Avis Budget Group EMEA

Avis Budget Group for Europe, the Middle East and Africa (EMEA) selected Avis South Africa as the Licensee of the Year for its products and services available to customers and for responsible corporate citizenship.

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Rental Operationsby StaffNovember 12, 2012

Hertz Joins Liberty Tire for Recycling Program

More than 160,000 of Hertz’s used tires will be converted into products for playgrounds, parks and highways by Liberty Tire Recycling.

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Remarketingby StaffNovember 12, 2012

ADESA Reports October Wholesale Used Vehicle Prices Increased Over Last Month

According to ADESA Analytical Services’ monthly analysis of wholesale used vehicle prices, in October wholesale prices averaged $9,742 — up 2% compared to September and down 1.4% relative to October 2011.

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Rental Operationsby StaffNovember 9, 2012

Zipcar Expects Full-Year Profits for 2012 after Strong Third Quarter

In releasing results for the third quarter, which saw a revenue increase of 15% compared to the same time last year, Zipcar said it expects its 2012 full-year U.S. GAAP net income to range from $1 million to $4 million.

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Rental Operationsby StaffNovember 9, 2012

Hertz Again Extends Dollar Thrifty Tender Offer Expiration

The tender offer is now scheduled to expire on Nov. 16, 2012.

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Rental Operationsby StaffNovember 9, 2012

Priceline to Acquire Kayak in a Transaction Valued at $1.8 Billion

The boards of directors of the Priceline Group and KAYAK have unanimously approved the transaction, which is subject to customary closing conditions, but is expected to close by late first quarter of 2013.

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Rental Operationsby StaffNovember 9, 2012

Car Rental Rates Continue Downward Trend Compared to 2011 in 6-City Analysis

According to the car rental rate survey and analysis for October from Rate-Highway and The Tennant Group, rates at the six airports included in the survey continue to decrease on average compared to the same period last year, though the gap is narrowing.

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Rental Operationsby StaffNovember 8, 2012

Enterprise Ranks Highest in J.D. Power’s 2012 Customer Satisfaction Study

In the 2012 J.D. Power and Associates Rental Car Customer Satisfaction survey, the industry as a whole has seen an increase in satisfaction for the third consecutive year.

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