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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

Private Equity Firm Takes Stake in CarTrawler
RateGain to Host Webinar on Car Rental Recovery
Move Mee: Demand Surges for Contactless Car Rental Solution
Europcar to Shift to Domestic Travel

Europcar to Shift to Domestic Travel

Short term, the company will focus on domestic business as travel bans are lifted. Midterm, the company will “rethink its priorities, so as to adapt to a ‘new normal’ given the reinforced digital habits, new safety standards, and new travel patterns.”

May 19, 2020

Avis Budget Group Sheds 70% of Workforce

Avis Budget Group Sheds 70% of Workforce

The company has laid off or furloughed 21,000 employees as a result of the coronavirus pandemic. April revenue is trending down 80% from the prior year. Similar trends are expected in May, but the company “expects a gradual recovery thereafter.”

May 3, 2020

Enterprise Holdings Cuts Over 2k Employees

Enterprise Holdings Cuts Over 2k Employees

The layoffs affect workers in Missouri with the Enterprise Rent-A-Car, National Car Rental and Alamo Rent A Car brands, as well as Enterprise Fleet Management.

April 30, 2020

GM to Shutter Maven Carsharing Brand

GM to Shutter Maven Carsharing Brand

Maven’s assets will be transferred to GM’s Global Innovation organization, which will use them to develop “new fleet services” and “mobility solutions.”

April 21, 2020

Hertz Commits to Cutting 10k Employees
PPP Is out of Money, More on Way

PPP Is out of Money, More on Way

Last Thursday, the SBA announced it had stooped accepting new applications, though this Tuesday the Senate approved a measure that would revive the program geared to keep small businesses afloat.

April 17, 2020

Green Motion Changes Name for 48 Hours

Green Motion Changes Name for 48 Hours

The international car rental brand is changing its name to Home Motion to reflect the message of national governments worldwide to promote social distancing.

April 6, 2020

Fort Myers Fire Destroys 3,500 Rental Cars
Webinar: Navigating the CARES Act for Small- and Medium-Sized Businesses with Fleets
Car Rental Operators: Take the Coronavirus Survey
Car Rental and the Coronavirus Pandemic: A Global Check-In