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Commercial fleet sales from nine manufacturers totaled 56,441 in January 2020, which represented a 3.7% year-over-year increase.
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The forecast is the most in nearly 20 years, and represents an increase of 3.9% over last year, or 4.3 million more people packing up their sleighs for a holiday getaway.
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The estimated $31.87 billion in total revenues continues a string of 11 years of uninterrupted growth.
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Exiting a year of record revenues, the new year brings challenges from market disruptors, incumbent players new to the U.S. market, and new mobility models.
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The service, available in San Francisco, Oakland, and Los Angeles, was soft launched earlier in the year.
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Kayak has joined forces with online travel agency Trip.com Group to offer car rentals in Asia Pacific.
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Sales of vehicles from nine manufacturers to commercial fleets fell 9.9% to 54,384 in November after enjoying several robust months of sales but remain the strongest fleet segment with an 8.7% increase year to date. Sales to rental and government fleets fell in November as well.
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Customers can earn free rental day rewards after renting with Avis twice.
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Lyft Rentals started in two locations in the San Francisco Bay Area. The service, which consists of an owned fleet, is now available in one location near LAX.
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Barton, former ACRA president and senior vice president of global franchise operations for Hertz, will serve as president of global mobility for Dublin, Ireland-based software firm.
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