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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.
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The Associated Canadian Car Rental Operators is predicting double-digit rate hikes with 2006 model-year fleets as Canadian rental companies confront rising fleet costs.
Read More →Hertz’s 2021 fourth quarter and full year earnings call shed light on its post-bankruptcy future, the near-term prospects for car rental fleet and demand, progress in EV rentals, and a new corporate mindfulness.
Read More →A rental car operator is looking for a secure line of credit to fund purchases for his growing rental fleet. He wants to learn more about improving the quality of his credit applications to lender to optimize his chances of receiving the funding.
Read More →King will be responsible for business development at the corporate level, as well as interface with the OEM fleet departments.
Read More →The new "FleetHub" Program is expected to reduce costs and streamline fleet operations for the city. The program will initially be launched as a six-month pilot, in which the city plans to extend to more vehicles following successful implementation.
Read More →This holiday season, Super Cheap Car Rental’s “Not so New” Car Giveaway is giving one lucky customer a vehicle from its car rental fleet. Contest ends on Dec. 31.
Read More →Avis Budget Group Inc. has agreed to acquire its Budget Car Rental licensee for Southern California and Las Vegas for approximately $210 million, plus the cost of acquired fleet.
Read More →Enterprise Holdings and its affiliate Enterprise Fleet Management generated $17.8 billion in revenue during fiscal year 2014, which ended July 31. Going forward, the company is focused on expansion efforts in the Middle East, Africa and Asia-Pacific.
Read More →As part of the joint venture, Volkswagen would also manage Didi Chuxing's fleet of ride-hailing vehicles.
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