Market watchers are pegging Avis Budget Group’s recent stock spike to the vaccine rollout. They cite the company’s ability to adjust fleet to demand, its solid financial position regarding fleet debt, and its success in removing $2.5 billion in costs for 2020.
December 29, 2020
Wheels Car Rental System decided to thank their staff, vendors, and customers by producing their version of the Jerusalema Dance Challenge. The project got more complicated than expected, but the result will make you smile.
December 11, 2020
The data from KAR Analytical Services demonstrates how rental companies sold into the used car market during the summer, traditionally the industry’s busiest season.
December 9, 2020
The latest Auto Rental News coronavirus survey tells the story of an industry that was initially devastated by the pandemic but is in an encouraging — if slow and uneven — process of recovery.
November 22, 2020
The plan includes waiving dues for ACRA members with 399 vehicles or fewer and the creation of ACRA Army to defend the industry at the state and federal government level.
November 12, 2020
The order requires all new passenger vehicles to be zero-emission in 15 years, though it would not prevent Californians from owning gasoline-powered cars or selling them on the used car market.
September 23, 2020
Through his marketing campaigns, government relations, and ability to manage a powerful group of franchisees, the former Budget CEO is credited with propelling the brand “into the major league of car rental.”
May 11, 2020
This ad for Saunders Drive it Yourself, believed to be the first car rental company in the U.S., was recently found in an Omaha phone book from 1926.
May 4, 2020
The ruling stems from a 2018 lawsuit regarding Turo’s San Francisco International Airport (SFO) operations and the collection of the airport’s permit fees.
April 28, 2020
The former N.Y. state assemblyman was instrumental in helping to overturn a law that limited car rental companies’ ability to collect for damages caused to their vehicles.
April 9, 2020
In this survey of independent and franchised car rental operators in the U.S., 58% report a decline of gross revenues of more than 75%, with 17% reporting a 100% decline, essentially as a result of suspending operations.
April 8, 2020
These findings were gathered from the April 7 webinar “Navigating the CARES Act for Small- and Medium-Sized Businesses with Fleets.”
April 8, 2020
As car rental is not considered essential travel in the Bahamas, Benjamin Davis of Drive Green Car Rentals says his only remaining business is a handful remaining long-term customers.
April 6, 2020
Small businesses of 500 or fewer employees will have access to $350 billion in loans under the Paycheck Protection Program within the CARES Act. This loan money could turn into a grant under certain circumstances.
April 1, 2020
As a result of the coronavirus pandemic, this Dollar Thrifty franchisee in Omaha is renting to local businesses that may not be thinking about a new business opportunity — grocery and food deliveries to their clients.
March 24, 2020