During its quarterly investor’s call, Avis Budget Group showed how it’s meeting demand in a dramatically disrupted environment, with insights into sourcing new local market business, the semiconductor chip shortage, and the return of corporate travel.
February 23, 2021
From sleeping at a branch to using a car as an office — despite having no power at home — car rental company employees in Texas weathered the storm to serve customers with resilience and determination.
February 21, 2021
Due to the global shortage of semiconductors used in automobiles, OEMs are telling car rental companies to expect “significant delays” with fleet orders. One operator has had a large order canceled outright.
January 27, 2021
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 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
Motorq’s connected car APIs enable fleet owners to identify the location and pre-delivery status of General Motors’ vehicles. The system uses OnStar technology for “surgical” enablement of data that can be stopped or started as needed.
November 18, 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
“There is always opportunity amidst chaos,” says Solomon Cramer, licensee owner of Budget Rent a Car of Harrisburg. “You just have to find it.”
August 24, 2020
This startup car rental platform has grown 20% to 40% month-on-month since the beginning of the COVID-19 pandemic with partners’ fleets and an app-based delivery model.
August 5, 2020
During the pandemic slowdown, Tom Mellett has been trading the car rental desk for his single-engine plane: “It gives me time to reflect on what we should be grateful for.”
June 2, 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 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