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Fleet Acquisition•by Staff•September 2, 2011

Hertz Completes Donlen Acquisition

Final acquisition price of $177 million is lower than initial $255 million. Assumption of Donlen fleet debt is $770 million, $90 million more than original assumption.

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Rental Operations•by Staff•September 2, 2011

National Car Rental Moves to Main Terminal of Portland Airport

The agency’s airport branch was located off-site from the terminal prior to relocating.

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Rental Operations•by Staff•September 1, 2011

ALG: OEMs Still Overfleeting in Some Rental Segments

Automotive Lease Guide reports manufacturer penetration into the Entry Compact segment average 28.3 percent of sales in the last 12 months.

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Rental Operations•by Staff•August 31, 2011

Enterprise Reports Labor Day Reservations Up 25%

The data comes from Enterprise’s neighborhood locations.

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Rental Operations•by Staff•August 31, 2011

Enterprise Helps in Post-Irene Recovery Efforts

The car rental industry was recognized by the U.S. Travel Association as playing an important role in restoring communities after a disaster strikes.

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Rental Operations•by Staff•August 31, 2011

Avis Budget Group Finishes $650 Million Bond Offering

Avis Budget Group announced the completion of an asset-backed bond offering for its Avis Budget Rental Car Funding LLC subsidiary with a weighted average interest of 3.5 percent.

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Rental Operations•by Staff•August 31, 2011

UK Vacationers Would Rather Drink than Rent a Car over Holidays

In a survey of 1,000 adults from the UK price comparison site Kelkoo, only one in five travellers rented a car on their last trip abroad.

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Rental Operations•by Staff•August 31, 2011

FSNA Narrows Q3 Loss

Franchise Services North America, parent company of U-Save Car and Truck Rental, reported revenue and net loss of $3.9 million and $22,775 for its third quarter period that ended June 30, 2011, as compared to revenue of $4 million and a net loss of $191,839 for the same period in 2010.

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Rental Operations•by Staff•August 31, 2011

Europcar Offers Car Leasing Alternative for Corporate Fleets

The new program, "6 Advantage," provides a six-month, fixed-rate rental option under a 12,000-mile contract for corporate fleets.

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Rental Operations•by Staff•August 31, 2011

Europcar Reports Frequent Damages to Vehicles with Few Purchasing CDW

Of its UK fleet, 90 percent of vehicles had some kind of damage in 2010, including small chips and cracks.

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