Hotel foreclosures in California jumped 125 percent in the last two months. Unlike car rental, hotels have to meet debt service on fixed assets. When room revenue sinks, it's harder to adjust.
Read More →The used-truck segment also increased in value for the eighth consecutive week.
Read More →The ratings agency cites as factors the weak demand for automobile and equipment rental into 2010, and the cost of refinancing Hertz's considerable maturing debt.
Read More →The current challenging economic climate has warmed people to the idea of renting, and not buying, certain goods.
Read More →Jim Campbell, general manager for GM Fleet and Commercial Operations, releases a statement, explaining the new GM will honor fleet and warranty commitments.
Read More →The three passengers were seriously injured when the four-wheel-drive vehicle rolled over.
Read More →As a part of its Prestige Collection, Hertz has included SIRIUS XM Radio as a complimentary standard feature in every vehicle in the collection's line-up.
Read More →Effective July 6, Avis renters at airport locations in Ft. Lauderdale, Miami, Orlando, Tampa and West Palm Beach can rent AT&T CruiseCast for $8.95 per day or $62.65 per week.
Read More →Alamo and National end its “Florida Drive-Out” promotion several weeks earlier than planned, citing the volume of reservations exceeded fleet capacity.
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