
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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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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Data from Jetcost USA reveals which U.S. cities Germans, French, Spaniards, Italians, are looking to visit this August.
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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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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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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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The luxury automaker has put forward its vision of design, technology and bespoke craftsmanship for its flagship electric sedan
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Lyft plans to shut down its car rental business and cut about 60 jobs.
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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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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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