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Total revenue flat due to planned reduction in leasing to franchises. Same-store revenue up 2.9 percent. Revenue gains for vehicle rentals partially offset by drop in rental days, though volume improving. Utilization up. Strong used-car market keeps vehicle depreciation costs in check.
Read More →Their revenue fell 23 percent last year and has fallen 16.5 percent so far this year.
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Hertz, Avis Budget and Dollar Thrifty improved earnings year over year. Expect continued—if modest—improvements in 2010.
Read More →In 2009, the Budget Business Program awarded nearly $2 million to small and mid-sized businesses for car rentals.
Read More →Income from a rental car fee that supports debt on Cactus League stadiums is falling.
Read More →Revenue for the U.S. car rental industry in 2009 dropped for the first time since 2002, though cost-cutting is keeping car rental companies profitable, reports Auto Rental News.
Read More →DTAG now expects fourth quarter Corporate Adjusted EBITDA to be $10-$15 million, up from a loss of $43.4 million year over year. Company's full year 2009 EBITDA expected in $83 million to $88 million range, up from a loss of $2.3 million in 2008.
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Land access restrictions, seasonality, a smaller market for de-fleeting and liability issues all play a role in differentiating recreational rentals from auto rental.
Read More →To compete in this challenging fiscal climate, your company must adopt rate management strategies that reflect a more flexible booking policy, be able to take advantage of walk-up business and establish a unique market position.
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By analyzing these often overlooked areas of car rental operations, you can add to your bottom line without affecting the rental experience.
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