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Liquidation on the Table for Hertz?

Liquidation on the Table for Hertz?

A dragged-out post-lockdown recovery, a huge debt pile, and the potential for zero recoveries for unsecured creditors make the Hertz bankruptcy a likely liquidation, says Wall Street analyst Girish Bhise.

July 17, 2020

Most Fleets Back to Work, Though Future Uncertainty Remains

Most Fleets Back to Work, Though Future Uncertainty Remains

An average of 80% of fleets and the mobility community are back at work full time and 90% believe their company will survive through the pandemic, although they face major income loss. Many are unsure when business would operate at “normal” levels.

July 16, 2020

Lyft Expands Across Vancouver
Uber Partners with Grocery Delivery in Latin America, Canada
Law Firm Contacting Airports for Hertz Bankruptcy Monitoring
Barton, Brown Discuss Car Rental on YouTube’s Auto Transport Intel
Moody's: Substantial Travel Recovery Before 2023 Unlikely
Spiffy Now Accepting Franchise Applications
Avis Forms Safety Coalition with Lysol, Medical Professionals

Avis Forms Safety Coalition with Lysol, Medical Professionals

Along with ABG, the coalition includes RB, which is the maker of Lysol, and a team of medical professionals from leading institutions, including Columbia University, with expertise in public health, COVID-19, and other infectious diseases.

July 13, 2020

Avis CEO Ferraro Talks Pandemic Pivot on CNBC

Avis CEO Ferraro Talks Pandemic Pivot on CNBC

In an interview with CNBC, Avis Budget Group’s CEO Joe Ferraro was asked about how the company transitioned into the coronavirus environment and how the Hertz bankruptcy might affect Avis.

July 10, 2020

RV Rental Van Company Plans Expansion

RV Rental Van Company Plans Expansion

Currently available at airports in Las Vegas and Bozeman, Mont., Blacksford has plans in place to expand into a dozen or more airports over the next two years, including Denver International Airport in July 2020.

July 7, 2020

Fleet Sales Continue to Decline in June

Fleet Sales Continue to Decline in June

Commercial fleet sales from nine manufacturers totaled 53,628 in June 2020, representing a 26% decrease when compared to the same time last year, though the declines are not as significant as seen in the last two months, which were both more than 65% drops.

July 7, 2020

ACRA Announces New Board Members

ACRA Announces New Board Members

Trey Breckenridge of U-Save Car & Truck Rental, and Jennifer Gelder of A Betterway Rent-A-Car Group, an Avis and Budget licensee, have joined the board of directors of the American Car Rental Association.

July 7, 2020

Green Motion Opens in Spain
Dan Miller Acquires 6 Advantage Locations