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Rental Operationsfrom News/Media ReleaseAugust 2, 2022

Avis Posts Quarterly Records for Revenue, Income

Avis Budget Group’s global revenue of $3.2 billion and net income of $774 million were not only the best second quarter revenue and incomes in the company’s history, but also the best in any quarter ever.

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Remarketingby Martin RomjueAugust 1, 2022

IARA Readies for Record Turnout at Summer Roundtable

The annual event takes place as the vehicle market and wider economy get more complicated and more industry members are eager to gather after a long pandemic pause.

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Rental Operationsfrom News/Media ReleaseJuly 29, 2022

What Are Europeans' Favorite U.S. Destinations?

Data from Jetcost USA reveals which U.S. cities Germans, French, Spaniards, Italians, are looking to visit this August.

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Rental Operationsby StaffJuly 29, 2022

Hertz Posts Q2 Revenue of $2.3B, Net Income $940M

In the Americas segment, Hertz finished with 422,113 average vehicles in its fleet, a 21% gain over the second quarter of 2021, while depreciation per unit fell 36% to only $49 a vehicle.

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Remarketingby Martin RomjueJuly 29, 2022

Car Market Shows Signs of More Buyer-Seller Balance

Auctions received vehicles from a more diverse stream of sources in the last quarter as data could be signaling some inflection points in the market.

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Remarketingfrom News/Media ReleaseJuly 27, 2022

July Auto Sales Drop as Headwinds Slow Recovery

Rising interest rates and low consumer sentiment are keeping many potential buyers out of the market while higher gas and vehicle prices are decreasing affordability.

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Green Fleetfrom News/Media ReleaseJuly 27, 2022

Cadillac Reveals All-Electric CELESTIQ Show Car

The luxury automaker has put forward its vision of design, technology and bespoke craftsmanship for its flagship electric sedan

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Rental Operationsby StaffJuly 26, 2022

Lyft to Close Rental Car Business

Lyft plans to shut down its car rental business and cut about 60 jobs.

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Rental Operationsfrom News/Media ReleaseJuly 21, 2022

Mercedes-Benz Vans Canada to Partner with Enterprise Holdings

The partnership between Enterprise Holdings and Mercedes-Benz Vans Canada allows for new mobility offerings to customers, adding Sprinter Cargo Vans and Metris Passenger Vans to the rental operation's fleet.

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Rental Operationsfrom News/Media ReleaseJuly 21, 2022

Bain Capital and ADIA to Acquire Merchants Fleet

Merchants will continue to operate independently. The members of the Merchants leadership team will remain in their current roles and will be co-investors in the business.

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